Want to join the conversation?
Energy drink maker $MNST reported drop in 2Q16 earnings due to last year's gain on sale of Monster Non-Energy, acceleration of deferred revenue, and distributor termination costs. Net income fell to $184.22MM or $0.90 per share from $229MM or $1.26 per share last year. Net sales grew to $827.49MM from $693.72MM. Adjusted EPS grew 25.3% to $0.99.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.