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CORONA, Calif. (AP) — CORONA, Calif. (AP) — Monster Beverage Corp. (MNST) on Thursday reported first-quarter profit of $397.4 million.
The Corona, California-based company said it had net income of 38 cents per share.
The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share.
The energy drink maker posted revenue of $1.7 billion in the period, also exceeding Street forecasts. Nine analysts surveyed by Zacks expected $1.69 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a MNST">Zacks stock report on MNST at https://www.zacks.com/ap/MNST