Monster Beverage Shares Drop After Results Miss Street Targets

Monster Beverage Corp. shares fell in the extended session Thursday after the company missed Wall Street estimates for the quarter. Monster shares dropped 6.6% to $131 after hours. The company reported third-quarter earnings of 99 cents a share on revenue of $788 million. Analysts surveyed by FactSet had forecast earnings of $1.12 a share on revenue of $817.5 million.