Monster Reports Disappointing Earnings

The energy drink maker's revenue, however, exceeded projections.

I Stock 587878840

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.

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