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Why Are Monster (MNST) Shares Soaring Today

What Happened? Shares of energy drink company Monster Beverage (NASDAQ:MNST) jumped 5.9% in the afternoon session after the company reported strong third-quarter financial results that surpassed Wall Street's expectations. The energy drink maker posted revenue of 2.20billion,up16.82.20 billion, up 16.8% year-on-year and beating analyst estimates of 2.11 billion. The company's bottom line was also impressive, with adjusted earnings per share (EPS) of 0.56easilyclearingtheconsensusforecastof0.56 easily clearing the consensus forecast of 0.48. Profitability sa ...