Monster Beverage Up After Hours On Revenue Beat

Monster Beverage

just reported second quarter earnings, with gross sales for the 2014 second quarter increasing 7.6 percent to 779.0 million from 723.9 million in the same quarter last year. Net sales for the second quarter rose 8.9 percent to 687.2 million from 631 million. Second Quarter net sales rose 9 percent to 687.2 Million. Net Income increased 32 percent to 141.0 Million. Net income for the first half of 2014 was 236.3 million, or 1.36 per share, compared with 170.4 million, or 0.98 per share, for the first six months last year. Shares of MNST are trading up 3 percent after hours at 67.20 after closing at 65.10.