Monster Beverage Q3 Earnings Beat Analyst Estimates, Shares Rise 4.51%

Monster Beverage Corp reported Q3 earnings of 56 cents per share, beating the consensus estimate of 48 cents. Quarterly revenue reached $2.19 billion, beating the analyst estimate of $2.1 billion and up from $1.88 billion last year. Net sales for Monster Energy Drinks segment increased 17.7% to $2.03 billion. MNST stock is up 4.51% in extended trading.