Monster Beverage Q2 2024 GAAP EPS $0.41 Misses $0.47 Estimate, Sales $1.90B Miss $2.01B Estimate
Portfolio Pulse from Benzinga Newsdesk
Monster Beverage (NASDAQ:MNST) reported Q2 2024 earnings per share of $0.41, missing the analyst consensus estimate of $0.47 by 12.77%. The company also reported quarterly sales of $1.90 billion, which missed the estimate of $2.01 billion by 5.63%. Despite the misses, sales increased by 2.48% compared to the same period last year.
August 07, 2024 | 8:17 pm
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Monster Beverage (NASDAQ:MNST) reported Q2 2024 earnings per share of $0.41, missing the analyst consensus estimate of $0.47 by 12.77%. The company also reported quarterly sales of $1.90 billion, which missed the estimate of $2.01 billion by 5.63%. Despite the misses, sales increased by 2.48% compared to the same period last year.
Monster Beverage's Q2 2024 earnings and sales both missed analyst estimates, which is likely to negatively impact the stock price in the short term. However, the year-over-year sales increase of 2.48% may provide some support.
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IMPORTANCE 80
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