Update: Monster Beverage Q2 Earnings, Revenue Rise Slower Than Forecast; Shares Slump Premarket-March 2024-www.financetom.com

Update: Monster Beverage Q2 Earnings, Revenue Rise Slower Than Forecast; Shares Slump Premarket

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Update: Monster Beverage Q2 Earnings, Revenue Rise Slower Than Forecast; Shares Slump Premarket

Aug 8, 2024 2:16 AM

04:51 AM EDT, 08/08/2024 (MT Newswires) -- (Updates with the stock move in the headline and the first paragraph.)

Monster Beverage's ( MNST ) shares were 7.4% lower in premarket activity on Thursday after the company overnight reported slower growth in Q2 earnings and revenue than the market had anticipated.

The company reported Q2 diluted earnings Wednesday of $0.41 per share, up from $0.39 a year earlier.

Analysts surveyed by Capital IQ expected $0.46.

Net sales for the quarter ended June 30 were $1.90 billion, up from $1.85 billion a year ago.

Analysts polled by Capital IQ expected $2.01 billion.

Price: 46.80, Change: -3.73, Percent Change: -7.38

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