Monster Beverage Earnings, Revenue Beat in Q2

  • Investing.com
  • Stock Market News
Monster Beverage Earnings, Revenue Beat in Q2
Credit: © Reuters.

Investing.com - Monster Beverage (NASDAQ: MNST ) reported on Thursday second quarter results that beat analysts' forecasts, led by strogng sales in its Monster energy drinks business.

Monster Beverage shares gained 2.25% in after-hours trade following the report.

Monster Beverage announced earnings per share of 75 cents on revenue of $1.46 billion. Analysts polled by Investing.com anticipated EPS of 68 cents on revenue of $1.39 billion.

Net sales for the company’s Monster energy drinks segment increased 33.0% to $1.37 billion for the 2021 second quarter, from $1.03 billion for the 2020 second quarter.

L’Oreal ADR had matched expectations on July 29 with second quarter EPS of $1.02 on revenue of $8.99B, compared to forecast for EPS of $1.02 on revenue of $9B.

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