WASHINGTON (dpa-AFX) - Monster Beverage Corporation (MNST) reported earnings for its fourth quarter that increased from last year but missed the Street estimates.
The company's earnings came in at $366.98 million, or $0.35 per share. This compares with $301.67 million, or $0.29 per share, in last year's fourth quarter.
Analysts on average had expected the company to earn $0.38 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 14.6% to $1.73 billion from $1.51 billion last year.
Monster Beverage Corporation earnings at a glance (GAAP) :
-Earnings (Q4): $366.98 Mln. vs. $301.67 Mln. last year. -EPS (Q4): $0.35 vs. $0.29 last year. -Analyst Estimate: $0.38 -Revenue (Q4): $1.73 Bln vs. $1.51 Bln last year.
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