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Monster Results Disappoint Amid Distributor, Dollar Issues

Monster Beverage Corp. MNST -5.93 % reported disappointing second-quarter results, hurt in part by the stronger dollar and distribution issues, sending shares lower in after-hours trading.

The energy drink maker’s results come as the company transitions to its partnership with Coca-Cola Co., which owns about a 16.7% stake in Monster as of June. The company hopes the deal will accelerate growth.

“We are making good progress working through the transition,” said Rodney C. Sacks, chairman and chief executive. “Although we are reporting another...