Monster Beverage Corp. shares dove 6% in after-hours trading Tuesday, after the energy-drink company reported holiday earnings and sales lower than Wall...
Monster Beverage Corp.
Tshares dove 6% in after-hours trading Tuesday, after the energy-drink company reported holiday earnings and sales lower than Wall Street’s targets and executives announced plans for price increases and a stock split. Monster reported fourth-quarter earnings of $301.7 million, or 57 cents a share, down from 60 cents a share a year ago, while sales increased to $1.51 billion from $1.43 billion. Analysts on average expected earnings of 63 cents a share on sales of $1.6 billion.
T shares dove 6% in after-hours trading Tuesday, after the energy-drink company reported holiday earnings and sales lower than Wall Street’s targets and executives announced plans for price increases and a stock split. Monster reported fourth-quarter earnings of $301.7 million, or 57 cents a share, down from 60 cents a share a year ago, while sales increased to $1.51 billion from $1.43 billion. Analysts on average expected earnings of 63 cents a share on sales of $1.6 billion.
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