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Monster Beverage Corp. (MNST) Is Up After Better Than Expected Q3 Profit

Monster Beverage Corp. (MNST) reported third quarter EPS of $0.84 after the bell Thursday, up from $0.70 a year ago. Analysts expected EPS of $0.81. The stock is now up 11.26 on 138K shares.

Monster Beverage traded to the downside for the bulk of Thursday's session, but recovered some ground in late trade. Shares finished with a loss of 0.58 at $132.24. The stock fell to a 2 1/2 week low.

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A busy week for economics saw the release of first quarter growth figures for the U.S. economy and the interest rate decision in Japan. Read our stories to find out why the GDP data damped market sentiment in the U.S. and what were the signals given out by the Bank of Japan. Other news this week included new home sales data and jobless claims figures from the U.S., and the latest purchasing managers' survey results for the Eurozone.

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