Monster Beverage Corp. (MNST) reported first quarter net income of $0.37 per share after the close Wednesday, down from $0.41 per share a year ago. The consensus estimate was for EPS of $0.46.
Monster Beverage gapped open lower Thursday, but was range-bound throughout the session. Shares finished with a loss of 2.96 at $54.01, with volume at a 5-month high. The stock dropped to a 1-month low.
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