Monster Beverage Q2 Profit Misses Estimates - Quick Facts

(RTTNews) - Monster Beverage Corp. (MNST) reported second quarter net income of $229.0 million or $1.26 per share. The company noted that its profitability was positively impacted by $161.5 million of gain on sale of non-energy business. In the second quarter of prior year, the company reported net income of $141.0 million or $0.81 per share.

Net income for the 2015 second quarter, excluding the gain on the sale of the non-energy business, as well as distributor termination costs and transaction expenses, on a tax affected basis, was $143.2 million or $0.79 per share.

On average, 16 analysts polled by Thomson Reuters expected the company to report profit per share of $0.91 for the quarter. Analysts' estimates typically exclude special items.

Gross sales were $789.9 million compared to $779.0 million in the same period last year. Net sales were $693.7 million compared to $687.2 million in the same period last year. Analysts expected revenue of $755.90 million for the quarter.