Stocks to Watch Thursday: Monster Energy Scares Its Shareholders
Filed under: Company News, Stocks in the News
The worst thing about energy drinks is the letdown crash after the kick fades away.
Well, Monster Beverage (MNST) investors know the feeling. Shares of the company behind the popular Monster energy drinks crashed after it posted disappointing quarterly results on Wednesday night.
The second-quarter report seems solid on the surface. Net sales rose 28% to $592.6 million and earnings soared 30% to $0.59 a share. The problem here is that analysts were banking on a profit of $0.61 a share…
Stocks to Watch Thursday: Monster Energy Scares Its Shareholders originally appeared on DailyFinance.com on 2012-08-09T08:09:00Z.
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