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Monster's Shares Hit By Mounting Health Fears

Shares of Monster Beverage (NASDAQ:MNST) slid another 8% on Thursday, a day after the energy-drink maker reported disappointing quarterly earnings amid intensifying health concerns.Tackling lawsuits, regulatory concerns and mounting animosity from health critics, Monster late Wednesday revealed a 17% decline in profit as high legal and operating expenses melded with distributor termination costs. Thursday's sell-off follows a 16% tumble in after-hours trade late Wednesday when the Corona, Calif.-based energy drink maker also posted sales below expectations. While Monster blames high raw material costs, which it sees modestly increasing through the rest of this year, much of the impact also stems from a $3 million charge related to regulatory matters and legal affairs as it fought with health critics.Monster Energy and other makers of energy potions have been chastised for products that opponents say have unhealthy levels of caffeine and other ingredients that could lead to heart and he...

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