Why Monster Stock Fell 6.8% in After-Hours Trading on May 8
Monster Beverage (MNST) stock was down 6.8% after the markets closed on May 8 in reaction to the company’s 1Q18 results. Monster Beverage’s earnings per share (or EPS) excluding one-time items were in line with the analysts’ consensus estimate. After the company’s 1Q18 results, some analysts have lowered their 12-month price target for Monster Beverage stock.