Monster Beverage Corp. reported an unexpectedly low third-quarter profit, following reports of a possible link between its highly caffeinated energy drink and five deaths in recent years.
According to a story in the Los Angeles Times, the company reported a third-quarter profit of $86.1 million. That sent its shares down as much as 12 percent in after-hours trading. That profit amounted to 47 cents a share – compared to the net income of 55 cents a share that analysts, on average, ...
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