Monster Beverage Corp. (MNST: Quote) reported second quarter net income of $0.59 per share after the bell Wednesday, up from $0.45 per share last year. The consensus estimate was for EPS of $0.61.
Monster Beverage gapped open sharply lower Thursday and declined for the majority of the afternoon. Shares finished down by 6.57 at $61.20. The stock dropped below a 3-week range and set a 4-month low.
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by RTT Staff Writer
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