04:39 PM EST, 11/07/2024 (MT Newswires) -- Monster Beverage ( MNST ) reported Q3 adjusted earnings late Thursday of $0.40 per diluted share, down from $0.41 a year earlier.

Analysts surveyed by Capital IQ expected $0.43.

Net sales for the quarter ended Sept. 30 were $1.88 billion, up from $1.86 billion a year ago.

Analysts polled by Capital IQ expected $1.91 billion.

The company said it bought back $534.7 million of its common shares in Q3 and it had roughly $500 million available for repurchases as of Wednesday.

Shares of the company fell 2.2% in recent after-hours activity.

Price: 53.51, Change: -1.22, Percent Change: -2.23