Monster Beverage (NASDAQ:MNST) unveiled its quarterly earnings results for its last quarter of fiscal 2018, posting earnings and revenue that topped the mark, lifting MNST stock up after hours.
The Corona, Calif.-based company has been making waves for over 15 years now with its popular energy drink, and it shows no signs of slowing down as its fourth quarter yielded
, an 18.8% gain when compared to its profit of $201.3 million from its year-ago quarter.
On a per-share basis, these figures were 43 cents and 35 cents respectively. Monster topped the Wall Street’s average earnings estimate for its quarter of 40 cents per share by 3 cents per share, according to data compiled by FactSet.
The energy beverage giant amassed total sales of $924.2 million, a 14.1% surge against its $810.4 million from the year-ago quarter. Analysts saw Monster as raking in revenue of $901 million, according to FactSet.
The company’s Monster energy drink brand tallied in sales of $853.3 million, 15.9% ahead of the $736.1 million from the year-ago quarter. Its international sales were also up about 30.4% for the period.
The Monster brand also authorized a new $500 million share repurchase program.
MNST stock was trading flat during regular trading Wednesday as the company got ready for its quarterly press release. Monster Beverage shares soared about 6.3% after the bell off the heels of a positive three-month period that was highlighted by a sales total that is moving in the right direction.
