Monster Beverage Falls 6% on Q4 Earnings Results

Monster Beverage Corp.

released its fourth quarter earnings results after the closing bell on Thursday. The company reported net income of $64.5 million or $0.35 per share, versus $49 million or $0.26 per share, in the year ago period. This compared to analysts' consensus EPS estimates of $0.36. Net sales for the quarter were up 28.7% to $410.0 million compared to $318.7 million in last year's corresponding period. This compares to Wall Street revenue estimates of $410.99 million. MNST shares have lost more than 6% to $51.25 in Thursday's after hours trading session as both the top and bottom line results were a little light of expectations.