Monster Beverage’s stock drops 5% as record sales fall short of Street view

Monster Beverage Corp.
MNST,
+0.61%
shares fell in the extended session Thursday after the energy-drink maker’s record second-quarter sales fell short of Wall Street expectations. Monster shares fell as much as 5% after hours, following a 0.6% rise in the regular session to close at $57.98. The company reported second-quarter net income of $413.9 million, or 39 cents a share, compared with $273.4 million, or 26 cents a share, in the year-ago period. Revenue rose to $1.85 billion from $1.66 billion in the year-ago quarter. Analysts surveyed by FactSet had forecast 39 cents a share on revenue of $1.87 billion.