Monster Beverage Corporation (MNST) Releases Earnings Results, Misses Expectations By $-0.05 EPS

Monster Beverage Corporation (MNST) reported quarterly earnings results on Thursday, Aug-4-2016. The company reported $0.99 earnings per share for the quarter, missing the analyst consensus estimate by $-0.05. Analysts had a consensus of $1.04. The company posted revenue of $824.50 million in the period, compared to analysts expectations of $804.29 million. The company’s revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 EPS.

Many Wall Street Analysts have commented on Monster Beverage Corporation. Monster Beverage Corporation was Downgraded by Wells Fargo to ” Market Perform” on Jul 18, 2016.

Monster Beverage Corporation closed down -1.78 points or -1.11% at $159.3 with 8,08,981 shares getting traded on Tusday. Post opening the session at $160.66, the shares hit an intraday low of $157.62 and an intraday high of $160.93 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Jun 17, 2016, Hilton H Schlosberg (Vice Chairman and President) sold 2,001,350 shares at $156.00 per share price. According to the SEC, on Jun 17, 2016, Rodney C Sacks (Chairman and CEO) sold 2,396,288 shares at $156.00 per share price. On Jun 14, 2016, Harold C Jr Taber (director) sold 5,000 shares at $154.26 per share price, according to the Form-4 filing with the securities and exchange commission.

Monster Beverage Corporation

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