WASHINGTON (dpa-AFX) - Monster Beverage Corporation (MNST) released a profit for its first quarter that increased from last year but missed the Street estimates.
The company's earnings came in at $442.05 million, or $0.42 per share. This compares with $397.44 million, or $0.38 per share, in last year's first quarter.
Analysts on average had expected the company to earn $0.43 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 11.8% to $1.90 billion from $1.70 billion last year.
Monster Beverage Corporation earnings at a glance (GAAP) :
-Earnings (Q1): $442.05 Mln. vs. $397.44 Mln. last year. -EPS (Q1): $0.42 vs. $0.38 last year. -Revenue (Q1): $1.90 Bln vs. $1.70 Bln last year.
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