On August 8 (Reuters) - energy drinks maker that Monster beverage Corp reported a lower quarterly profit than expected, hurt by a stronger dollar and legal costs related to Monster Energy drinks.
The company's shares fell 9 percent in post-market trading.
The company, formerly known as Hansen Natural, said profit fell to $106.8 million, or 62 cents per share, from $109,8 million, or 59 cents per share, a year earlier.
Analysts on average expected a profit of 64 cents per share, according to Thomson Reuters analystreports.
The company, which began selling juices unpasteurized in Los Angeles in the 1930's, it said revenue rose 6.6 percent to $723,9 billion. (Reporting by Aditi Shrivastava in Bangalore; Edition Saumyadeb Chakrabarty)
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