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Wednesday, February 27, 2019

Monster Beverage (MNST) reported earnings on Wed 27 Feb 19 (a/h)

** charts after earnings **


** 5 weeks later **

Monster Beverage beats by $0.02, beats on revs; Board authorizes new $500 mln share repurchase program 
  • Reports Q4 (Dec) earnings of $0.43 per share, $0.02 better than the S&P Capital IQ Consensus of $0.41; revenues rose 14.1% year/year to $924.23 mln vs the $907.75 mln S&P Capital IQ Consensus.
  • On February 26, 2019, the Company's Board of Directors authorized a new repurchase program for the repurchase of up to an additional $500.0 million of the Company's outstanding common stock.
  • "During 2019, we will continue to launch our Monster Energy brand of energy drinks in new geographical markets, and plan to launch Predator, our strategically preferred affordable energy brand, in additional markets internationally,"

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