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Monster Beverage Earnings Miss, Revenue Beats In Q4 -Breaking

by Mike Robinson

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© Reuters. Monster Beverage Revenue Beats in Q4

Investing.com – Monster Beverage (NASDAQ: ) On Thursday, the fourth quarter was reported by (NASDAQ :). It missed analyst forecasts but generated revenue above expectations.

Monster Beverage posted earnings per share (EPS) of $0.6 for revenue $1.43B. Investing.com polled analyst to predict EPS of $0.6085 based on $1.33B in revenue.

Monster Beverage shares have fallen 16% since the start of the year. However, they are still 19.54% below their 52-week high of $99.86 on August 10, 2021. They are under-performing the S&P 500 which is down 10.07% from the start of the year.

After-hours trading for Monster Beverage stocks rose by 2.18% following the release.

Monster Beverage is following other important Consumer Staples sector earnings in this month

Monster Beverage reported after Walmart beat them on earnings on February 17. Walmart reported EPS at $1.53 for revenue of $152.87B. Forecasts were $1.5 and EPS at $151.72B.

Coca-Cola beat all expectations with fourth quarter earnings per share of $0.45 on revenues of $9.47B. This compares to $0.4118 forecasted on revenue $8.99B.

Keep up to date with all the earnings reports coming soon by visiting Investing.com’s earnings calendar

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