Monster Beverage Corp. Q1 Earnings Climb 9%

(RTTNews) - Monster Beverage Corp. (MNST) released a profit for its first quarter that advanced from last year.

The company said its bottom line advanced to $177.98 million, or $0.31 per share. This was higher than $163.88 million, or $0.26 per share, in last year's first quarter.

Analysts had expected the company to earn $0.32 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 9.1% to $742.15 million. This was up from $680.19 million last year.

Monster Beverage Corp. earnings at a glance:

-Earnings (Q1): $177.98 Mln. vs. $163.88 Mln. last year. -Earnings Growth (Y-o-Y): 8.6% -EPS (Q1): $0.31 vs. $0.26 last year. -EPS Growth (Y-o-Y): 19.2% -Analysts Estimate: $0.32 -Revenue (Q1): $742.15 Mln vs. $680.19 Mln last year. -Revenue Change (Y-o-Y): 9.1%