Monster Beverage Stock Surges 4% Premarket on Q3 Beat, CEO Says Energy Drinks Category Remains Strong Worldwide

Monster Beverage reported Q3 revenue and profit that beat analysts' expectations, with CEO Hilton Schlosberg noting a strong global energy drink category. Net sales rose 16.8% to $2.20 billion, beating expectations of $2.11 billion. The company's sugar-free Monster Energy Ultra line and recent flavor introductions drove sales growth. Monster's shares jumped 4% in premarket trading and have gained 26.2% as of the last close.