How Analysts Reacted to Monster Beverage’s Q3 Results
Monster Beverage (MNST) announced its third-quarter results after the financial markets closed on November 7. Monster Beverage beat analysts’ sales and earnings expectations for the third quarter. However, Monster Beverage stock declined 3.2% on November 8. The decline reflected the news of an arbitration regarding a dispute between Monster Beverage and Coca-Cola (KO).