Monster Beverage (MNST) saw its shares plummet 5.22% in after-hours trading on Thursday following the release of its first-quarter earnings report. Despite beating earnings per share (EPS) estimates, the energy drink giant's revenue fell short of expectations, raising concerns among investors.

The company reported adjusted earnings of $0.47 per share, surpassing the analyst consensus estimate of $0.46 and marking an 11.9% increase from the same period last year. However, Monster Beverage's quarterly sales came in at $1.85 billion, missing the projected $1.98 billion by 6.38% and representing a 2.32% decrease from the previous year's $1.90 billion.

While Monster Beverage's net income for the quarter stood at $443 million and operating income reached $569.7 million, the significant revenue miss appears to have overshadowed these positive metrics. The after-hours stock decline suggests that investors are concerned about the company's growth trajectory and its ability to meet market expectations in an increasingly competitive energy drink market. As the company navigates these challenges, market participants will likely keep a close eye on Monster Beverage's performance in the coming quarters.