BUZZ-Monster Beverage climbs after Q1 beat on strong demand for energy drinks

Monster Beverage Corporation

Monster Beverage Corporation

MNST

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** Shares of energy drinks maker Monster Beverage MNST.O up 5.7% at $80.35 premarket

** Co beat Q1 revenue and profit estimates, driven by strong demand

** Co posts Q1 net sales of $2.35 bln, topping analysts' estimates of $2.16 bln

** Posts Q1 adj EPS of 58 cents, up from estimates of 53 cents

** "The global energy drink category continues to demonstrate solid growth, driven by increased consumer demand," CEO Hilton H. Schlosberg says

** As of last close, MNST stock down 0.91% YTD


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