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Monster Beverage (MNST) Stock Sinks on Earnings Miss

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Monster Beverage Corporation ( MNST ) stock is sinking following an earnings miss for Q4 2015 .

Monster Beverage reported earnings per share of 67 cents for Q4 2015. This is down from the 72 cents reported during the same time last year. It also didn't come close to the 82 cents that analysts were expecting from the company.

Monster Beverage's revenue for the fourth quarter of 2015 was $ 645.4 million. This is an increase when compared to the $605.5 million reported in Q4 2014. However, Wall Street was expecting revenue of $698.4 million for the quarter.

Monster Beverage noted that it suffered from distributor termination costs during the fourth quarter of 2015 due to a deal made with Coca-Cola ( KO ) earlier in the year.

MNST stock was down 3% as of Noon Friday.

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The post Monster Beverage (MNST) Stock Sinks on Earnings Miss appeared first on InvestorPlace .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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