Why Monster Beverage Stock Slipped 7% This Morning
Shares of Monster Beverage (NASDAQ: MNST) stock are down 7.3% as of 10:15 a.m. EDT after the energy drink maker announced second-quarter 2019 earnings results last night.
Monster reported quarterly sales of $1.1 billion and net profit of $0.53 per share, versus the $1.13 billion in sales and $0.56 per share that Wall Street was expecting.
Image source: Monster Beverage.
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