Monster Beverage Plunges After Q2 Results

Monster Beverage

released its fiscal second-quarter earnings results after the closing bell on Wednesday. The company reported net income of $109.8 million or $0.59 per share, compared to $84.2 million or $0.45 per share, in the year ago period. This missed Wall Street analysts' consensus EPS estimates of $0.61. Revenues in the quarter were $592.6 million, compared to $462.1 million last year. This also missed analysts' consensus revenue estimates of $596.12 million. In Wednesday's after hours trading session, MNST shares were last down more than 13% to $58.60.