Monster Beverage (MNST) Stock Down on Q2 Earnings & Sales Miss
Monster(MNST) ZACKS·2024-08-08 22:51
Monster Beverage Corporation (MNST) delivered second-quarter 2024 results, wherein the top and bottom lines lagged their respective Zacks Consensus Estimate. However, both metrics improved year over year on gains from the expansion of the energy drinks category and product launches.Despite the year-over-year improvement, shares of this energy drink and alternative beverage marketer have lost nearly 8% in after-hours trading on Aug 7. We note that Monster Beverage’s shares have lost 8.5% in the past three mo ...