On Friday, Monster Beverage (MNST.US) rose more than 8%, reaching $72.04. The company reported adjusted earnings per share of $0.56 for Q3, surpassing FactSet's estimate of $0.48. Net sales stood at $2.19 billion, exceeding market expectations by $90 million. Gross margin expanded by 2.5% to 55.7%, outperforming forecasts by 1.6%, driven by robust demand for energy drinks.
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