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Fly News Breaks for August 8, 2016
MNST
Aug 8, 2016 | 08:01 EDT
RBC Capital analyst Nik Modi says that Monster's Q2 EPS miss was "due to a COGS accounting discrepancy." The analyst says that the company's net sales growth beat expectations, while its long-term outlook remains upbeat. He keeps an Outperform rating on the shares.
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