Monster Beverage Soars On High-Energy Sales; AB InBev Falls On Brazil: Sad!

Monster Beverage (MNST) spiked higher Thursday morning on stronger-than-expected sales growth. But global beer giant AB InBev (BUD) reported declining core profit, citing weakness in Brazil.

Monster Beverage met earnings views late Wednesday for 30 cents a share, up 30% vs. a year earlier. Sales jumped 17% to $753.8 million, well above forecasts for $721 million. Monster shares gapped up 12% to 47.10 in late morning trade on the stock market today, vaulting over its 50-day moving average...

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