Monster Beverage Corp. Q3 Earnings Climb 44%

(RTTNews) - Monster Beverage Corp. (MNST) released a profit for its third quarter that advanced compared to the same period last year.

The company said its bottom line rose to $174.57 million, or $0.84 per share. This was up from $121.60 million, or $0.70 per share, in last year's third quarter.

Analysts had expected the company to earn $0.81 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 19.0% to $756.62 million. This was up from $635.97 million last year.

Monster Beverage Corp. earnings at a glance:

-Earnings (Q3): $174.57 Mln. vs. $121.60 Mln. last year. -Earnings Growth (Y-o-Y): 43.6% -EPS (Q3): $0.84 vs. $0.70 last year. -EPS Growth (Y-o-Y): 20.0% -Analysts Estimate: $0.81 -Revenue (Q3): $756.62 Mln vs. $635.97 Mln last year. -Revenue Change (Y-o-Y): 19.0%