Monster Beverage Corporation recently disclosed its earnings report for the fourth quarter of the previous fiscal year, showing an improvement from the preceding years, although the figure fell short of Wall Street's predictions.
The corporation's earnings for the quarter stood at $366.98 million, equating to $0.35 per share. This shows a significant ascent comparing to the $301.67 million, or $0.29 per share, posted during the same quarter in the preceding year.
Expectedly, Wall Street analysts foresaw the company earnings to hit the $0.38 per share mark, based on data compiled by Thomson Reuters. However, these consensus estimates generally discount extraordinary myriad items.
Furthermore, Monster Beverage Corporation witnessed an upswing in the quarter's revenue by 14.6%, escalating to $1.73 billion from $1.51 billion documented in the same period of the previous year.
To provide a snapshot, the earnings for the stated period, based on the Generally Accepted Accounting Principles (GAAP), reveal:
- Fourth-quarter earnings of $366.98 Million, compared to $301.67 Million the previous year.
- Earnings Per Share (EPS) for the fourth quarter standing at $0.35, versus $0.29 for the same period the preceding year.
- The estimated consensus was an EPS of $0.38.
- There is a noted increase in quarter revenue from $1.51 Billion last year to $1.73 Billion.
