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Monster Beverage profit misses consensus by 18.3% in Q2

Monster Beverage Corp. said its second-quarter normalized net income came to 25 cents per share, compared with the S&P Capital IQ consensus estimate of 30 cents per share.

EPS fell year over year from 26 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $134.9 million, compared with $134.7 million in the prior-year period.

The normalized profit margin dropped to 19.4% from 19.6% in the year-earlier period.

Total revenue came to $693.7 million, compared with $687.2 million in the year-earlier period, and total operating expenses decreased on an annual basis to $465.3 million from $471.9 million.

Reported net income rose 62.2% on an annual basis to $228.6 million, or 42 cents per share, from $140.9 million, or 27 cents per share.