CORONA, Calif. (AP) — Monster Beverage Corp. on Thursday reported second-quarter earnings of $273.4 million.
On a per-share basis, the Corona, California-based company said it had profit of $0.51.
The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $0.68 per share.
The energy drink maker posted revenue of $1.66 billion in the period, topping Street forecasts. Seven analysts surveyed by Zacks expected $1.61 billion.
Shares of Monster slipped $4.98 to $91.38 on Friday.