Monster Beverage Earnings miss, Revenue beats In Q1 By Investing.com

Monster Beverage (NASDAQ:MNST) reported on Thursday first quarter earnings that missed analysts’ forecasts and revenue that topped expectations.

Monster Beverage announced earnings per share of $0.59 on revenue of $1.24B. Analysts polled by Investing.com anticipated EPS of $0.6125 on revenue of $1.22B.

Monster Beverage shares are up 10% from the beginning of the year and are trading at $93.20 , down-from-52-week-high.They are under-performing the S&P 500 which is up 11.85% from the start of the year.

Monster Beverage shares lost 1.98% in after-hours trade the report.

Monster Beverage follows other major Consumer/Non-Cyclical sector earnings this month

Monster Beverage’s report follows an earnings beat by Procter&Gamble on April 20, who reported EPS of $1.26 on revenue of $18.11B, compared to forecasts EPS of $1.19 on revenue of $17.96B.

Coca-Cola had beat expectations on April 19 with first quarter EPS of $0.55 on revenue of $9B, compared to forecast for EPS of $0.5039 on revenue of $8.68B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar