Monster Beverage Corporation Q3 Profit Decreases, Misses Estimates

(RTTNews) - Monster Beverage Corporation (MNST) announced a profit for third quarter that decreased from the same period last year and missed the Street estimates.

The company's earnings totaled $370.9 million, or $0.38 per share. This compares with $452.7 million, or $0.43 per share, in last year's third quarter.

Excluding items, Monster Beverage Corporation reported adjusted earnings of $392.4 million or $0.40 per share for the period.

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 1.1% to $1.88 billion from $1.86 billion last year.

Monster Beverage Corporation earnings at a glance (GAAP) :

-Earnings (Q3): $370.9 Mln. vs. $452.7 Mln. last year. -EPS (Q3): $0.38 vs. $0.43 last year. -Revenue (Q3): $1.88 Bln vs. $1.86 Bln last year.