Monster Beverage (MNST) Misses Q2 EPS by 4c

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Go back to Monster Beverage (MNST) Misses Q2 EPS by 4c

Monster Beverage Reports 2016 Second Quarter Financial Results

August 4, 2016 4:05 PM EDT

--Second Quarter Net Sales Rise 19.3% to $827.5 million--

--Board Authorizes New $250.0 Million Share Repurchase Program--

CORONA, Calif., Aug. 04, 2016 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ: MNST) today reported financial results for the three- and six-months ended June 30, 2016.

Tender Offer CompletedOn June 15, 2016, the Company completed its previously announced $2.0 billion modified Dutch auction tender offer (the Stock Repurchase).  An aggregate of 12,820,512 shares were accepted for payment, which represented approximately 6.3 percent of the shares issued and outstanding prior to the... More