date:Nov 14, 2012
For the second time in three months, Monster Beverages board of directors has authorized a repurchase of up to $250 million of the companys outstanding common stock.
Monsters board initiated the stock repurchase following weaker than expected third quarter revenues and profits. The company achieved $541.9 million in revenue for the quarter a 14 percent jump in year over year sales but fell well short of the $578.4 million that analysts projected. Monster earned $.47 per share in the quarter,