Dive Summary:
- Monster Beverage corp reported Thursday that their third quarter profits were at $106.8 million, down from 109.8 million during the same quarter last year.
- Shares in the company have also taken a hit, declining from $0.62 during this time in 2012 to approximately $0.59 today.
- Monster beverage corps said the less than stellar showing was partially due to legal fees stemming from a lawsuit from the family of a dead teenager who reportedly drank two Monster energy drinks a day.
From the article:
...The company, formerly known as Hansen Natural, said profit fell to $106.8 million, or 62 cents per share, from $109.8 million, or 59 cents per share, a year earlier...
