Monster Beverage Corporation (MNST) reported earnings for second quarter that decreased from last year and missed the Street estimates.
The company's bottom line totaled $273.36 million, or $0.51 per share. This compares with $403.76 million, or $0.75 per share, in last year's second quarter.
Analysts on average had expected the company to earn $0.70 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 13.7% to $1.66 billion from $1.46 billion last year.
Monster Beverage Corporation earnings at a glance (GAAP) :
-Earnings (Q2): $273.36 Mln. vs. $403.76 Mln. last year.
-EPS (Q2): $0.51 vs. $0.75 last year.
-Analyst Estimates: $0.70
-Revenue (Q2): $1.66 Bln vs. $1.46 Bln last year.
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