Monster Beverage Corp Q3 revenue of $2.56 billion beats expectations
MNST Monster Beverage Corp
$45.72 -4.41%
View chart & analysis → - 1Monster Beverage Corp recorded $2.56 billion in Q3 revenue compared to the expected $2.49 billion.
- 2Monster Beverage Corp repurchased approximately $100 million of its own shares during the quarter.
- 3UBS stated that U.S. trends fell below expectations and market share appears to be declining.
So what's the key point?
Monster Beverage Corp's Q3 revenue reached $2.56 billion, which was higher than what experts expected. The company bought back $100 million of its own stock, but some suggest that market conditions in the U.S. are not favorable.
Source Investing.com · View original ↗
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