Monster Beverage Corporation Reports Fall In Q2 Income, misses estimates

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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