CORONA, Calif. (AP) — CORONA, Calif. (AP) — Monster Beverage Corp. (MNST) on Thursday reported fourth-quarter earnings of $270.7 million.
On a per-share basis, the Corona, California-based company said it had profit of 28 cents. Earnings, adjusted for asset impairment costs and non-recurring costs, were 38 cents per share.
The results fell short of Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share.
The energy drink maker posted revenue of $1.81 billion in the period, which topped Street forecasts. Eight analysts surveyed by Zacks expected $1.79 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MNST at https://www.zacks.com/ap/MNST
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