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Here's Why Monster Beverage Stock Is Sparkling Today

TheMotleyFool

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Here's Why Monster Beverage Stock Is Sparkling TodayPhoto, wide shot, wide-angle lens, Specialty food store, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/7a8f69d5-c26e-46d9-b403-d3e5e9562eca.png

Shares of energy drink giant Monster Beverage (NASDAQ: MNST) traded 6.5% higher at 11:05 a.m. EDT Friday. The company published a solid first-quarter report on Thursday night, along with an optimistic analysis of how Monster is dealing with the COVID-19 crisis.

Monster's first-quarter sales rose 12% year over year to $1.06 billion, slightly ahead of analyst projections for $1 billion. Earnings landed at $0.52 per share, up from $0.48 per share in the year-ago period. Your average analyst had expected earnings to stay flat.

On the earnings call, CEO Rodney Sacks said that he tested positive for COVID-19 in March but has made a full recovery, and that his company is going through a similar experience.

Source Fool.com

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