CORONA, Calif. (AP) — CORONA, Calif. (AP) — Monster Beverage Corp. (MNST) on Wednesday reported fourth-quarter net income of $367 million.

The Corona, California-based company said it had net income of 35 cents per share. Earnings, adjusted for asset impairment costs, were 38 cents per share.

The results missed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share.

The energy drink maker posted revenue of $1.73 billion in the period, which also fell short of Street forecasts. Nine analysts surveyed by Zacks expected $1.75 billion.

For the year, the company reported profit of $1.63 billion, or $1.54 per share. Revenue was reported as $7.14 billion.

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