CORONA, Calif. (AP) 鈥� CORONA, Calif. (AP) 鈥� Monster Beverage Corp. (MNST) on Thursday reported second-quarter net income of $584.5 million.
The Corona, California-based company said it had net income of 59 cents per share. Earnings, adjusted for non-recurring costs, came to 60 cents per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share.
The energy drink maker posted revenue of $2.54 billion in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $2.42 billion.
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