Goldman Sachs Downgrades Monster Beverage (MNST) to Neutral, Removes From Conviction Buy List
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Monster Beverage (MNST) Misses Q1 EPS by 6c
May 7, 2015 4:26 PM EDTMonster Beverage (NASDAQ: MNST) reported Q1 EPS of $0.62, $0.06 worse than the analyst estimate of $0.68. Revenue for the quarter came in at $628.8 million versus the consensus estimate of $601.2 million.
Gross sales for the 2015 first quarter were $710.2 million. Excluding acceleration of deferred revenue, gross sales for the 2015 first quarter increased by 9.2 percent to $670.4 million, as compared to $613.7 million in the same period last year. Net sales... More
