04:19 PM EDT, 05/02/2024 (MT Newswires) -- Monster Beverage ( MNST ) reported Q1 earnings late Thursday of $0.42 per diluted share, up from $0.38 a year earlier.

Analysts polled by Capital IQ expected $0.44.

Net sales for the quarter ended March 31 were $1.9 billion, up from $1.7 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.9 billion.

The company plans to launch a modified "Dutch Auction" tender offer for up to $3 billion of its shares, subject to market conditions.

The price range is yet to be determined, it said.

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