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 $2.20 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 $0.56 easily clearing the consensus forecast of $0.48. Profitability sa ...