NEW YORK (TheStreet) -- Shares of Monster Beverage Corp. (MNST) - Get Monster Beverage Corporation (MNST) Report are dipping by 7.34% to $123.34 in after-hours trading on Thursday, after the company reported lower-than-expected 2015 fourth quarter results.
After today's closing bell, the Corona, CA-based energy drinks maker posted earnings of 67 cents per diluted share, missing analysts' expectations of 82 cents per share.
Revenue climbed by 6.6% to $645.4 million year-over-year, but fell short of Wall Street's expectations of $698.4 million.
"Distributor transitions and uncertainties in portions of our international non-Coca-Cola (KO) distribution network limited further revenue growth during the quarter. Changes in foreign currency exchange rates also continued to adversely affect our results," CEO Rodney C. Sacks said in a statement.
The company also announced a stock buyback program of up to $1.75 billion.
On Tuesday, Monster Beverage said it plans to buy long-time business partner American Fruits & Flavors, a manufacturer of flavors, juices, concentrates, natural sweeteners and other fruit-based products.
Monster Beverage manufactures energy drinks, natural soft drinks, and fruit drinks including Monster Energy and Hansen's Natural Soda.
Separately, TheStreet Ratings Team has a "Buy" rating with a score of B on the stock.
This is driven by several positive factors, which should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks covered.
The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and growth in earnings per share.
The team believes its strengths outweigh the fact that the company has had somewhat disappointing return on equity.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: MNST