Coca-Cola's stock up 0.6% premarket after Q1 results
Coca-Cola's stock up 0.6% premarket after Q1 results
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Coca-Cola's stock up 0.6% premarket after Q1 results
Coca-Cola affirms 2018 adj. EPS growth outlook of 8%-10%
Coca-Cola Q1 total unit case volume up 3%
Coca-Cola Q1 adj. EPS up 8% to 47 cents; FactSet consensus 46 cents
Coca-Cola Q1 revenue down 16% to $7.6 bln; FactSet consensus $7.3 bln
Coca-Cola Co. is scheduled to report its first-quarter earnings before the market opens Tuesday. Here's what you need to know: EARNINGS FORECAST: Adjusted earnings per share of 46 cents is the consensus of analysts surveyed by Thomson Reuters, up from 43 cents a year ago. REVENUE FORECAST: Analysts expect revenue of $7.34 billion, down from $9.1 billion a year earlier.
WPP PLC's interim management is pouring cold water on analyst demands for a breakup of the world's largest advertising group in the wake of founder Martin Sorrell's departure. The 73-year-old's exit as WPP chief executive, following an investigation into an allegation of personal misconduct, has financial analysts performing sum-of-parts valuations for WPP's sprawling ad empire.
U.S. stocks fell broadly on Friday, with all 30 Dow components in negative territory as trade tensions between the U.S. and China resurfaced and investors grappled with a weak reading on the labor market. Two industrial stocks seen as having a high correlation to trade issues, particularly with respect to China, were among the biggest declines: both Boeing Co. and Caterpillar Inc. fell 1.7%. Among other stocks pressuring the blue-chip average, Goldman Sachs Group Inc. fell 1.5% and J.P. Morgan Chase & Co. was down 1%. On the other end of the spectrum, Coca-Cola Co. and Procter & Gamble Co. both inched into positive territory in early trading before subsequently retreating back into the red. The Dow fell 0.8% while the S&P 500 was down 0.7% and the Nasdaq Composite Index was down 0.7%.
The consumer-staples sector rallied on Wednesday, helping to support the overall equity market as a number of major food companies led the industry higher. The sector rose 0.9, the top performer among S&P 500 sectors. The group was supported by food companies, with Hormel Foods Corp. up 5.3% and Tyson Foods Inc. gaining 2.3%. Campbell Soup Co. rose 2% while Kellogg Co. was up 1.9%. Coca-Cola Co. rose 0.7%, but the size of the Dow component provided an outsize lift to the sector overall. The Dow Jones Industrial Average fell 0.6% while the S&P 500 was down 0.4% and the Nasdaq Composite Index was down 0.1%. Broader indexes were pressured by concerns over a potential trade war between the U.S. and China.
The Dow Jones Industrial Average under heaving selling pressure early Wednesday, amid growing concerns of a trade confrontation between China and the U.S. However, one component holding firmly in positive territory. Shares of the beverage and snack giant Coca-Cola Co. were up 0.7% on the day. That gain wasn't enough to help eat into a decline of about 360 points, or 1.5%, for the price-weighted blue-chip average. The S&P 500 index was off 1% at 2,588, while the Nasdaq Composite Index showed a decline of 1% at 6,871. Nike Inc. and Verizon Communications Inc. shares have been flirting with firming a move in positive territory. All three main equity benchmarks were off the lows of the early trading day, with Wall Street attributing the session's downbeat momentum to a fresh round of tariffs that Beijing plans on imposing on U.S. imports, including airplanes and soybean.
The SPDR Consumer Staples Select Sector ETF slumped 0.8% Thursday, and while it was the third-best performing tracker of the 11 key S&P 500 sector, it suffered its longest losing streak since it began trading in December 1998. The ETF (XLP) has declined for nine-straight sessions, and has lost 5.7% during its streak. The previous record losing streak was the eight-session stretch ending Jan. 8, 2002. On Thursday, 30 of the XLP's 35 components declined. Among the biggest losers, shares of Mondelez International Inc. lost 2.38%, Kraft Heinz Co. shed 2.36% and General Mills Inc. fell 2.33%. Among the most active components, Coca-Cola Co.'s stock declined 0.6% and Walmart Inc. shares gave up 1.2%. The best performer was Altria Group Inc.'s stock , which tacked on 0.7%. Separately, the SPDR Consumer Staples Select Sector ETF tumbled 2.1%, the seventh loss in nine sessions, and the S&P 500 dropped 2.5%, also suffering its seventh loss in nine sessions.
Global stocks mostly rose as the corporate earnings season continued, while U.S. government bond yields showed signs of steadying around a four-year high.
Coca-Cola Co. is scheduled to report its first-quarter earnings before the market opens Tuesday. Adjusted earnings per share of 46 cents is the consensus of analysts surveyed by Thomson Reuters, up from 43 cents a year ago.
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Coca-Cola European Partners has hit a profitable formula involving innovative products and packaging. No sugar? No problem.
Under pressure from Washington, Kenya’s president and his opposition rival promised to bury the hatchet on months of bitter stand-off, an unexpected turn that came hours before Secretary of State Rex Tillerson landed in Nairobi.
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Coca-Cola’s Japan unit plans to introduce a fizzy alcoholic drink in the country, in what an executive described as the first alcoholic product in the company’s history.
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Global stocks mostly rose as the corporate earnings season continued, while U.S. government bond yields showed signs of steadying around a four-year high.
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Coca-Cola is scheduled to release its first-quarter earnings report before the markets open on Tuesday.
Coca-Cola Co. is scheduled to report its first-quarter earnings before the market opens Tuesday. Adjusted earnings per share of 46 cents is the consensus of analysts surveyed by Thomson Reuters, up from 43 cents a year ago.
Hershey's (HSY) productivity and cost-saving initiatives likely to drive Q1 results and offset higher costs.
Productivity, cost saving plans and innovations will continue to exhibit strength for the two key beverage stocks amid a challenging space. However, weak CSD volumes and higher input costs pose risks.
Newer revenue platforms, marketing efforts and innovations are likely to help Coca-Cola (KO) drive North American segment revenues in Q1.
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The Coca-Cola Co. engages in the manufacture, market, and sale of non-alcoholic beverages which include sparkling beverages and still beverages such as waters; enhanced waters; juices and juice drinks; ready-to-drink teas and coffees; and energy and sports drinks. Its brands include Coca-Cola, Diet Coke, Coca-Cola Zero, Fanta, Sprite, Minute Maid, Georgia, Powerade, Del Valle, Schweppes, Aquarius, Minute Maid Pulpy, Dasani, Simply, Glaceau Vitaminwater, Bonaqua, Gold Peak, Fuze Tea, Glaceau Smartwater, and Ice Dew. It operates through the following segments: Eurasia and Africa, Europe, Latin America, North America, Asia Pacific, Bottling Investments, and Corporate. The company was founded by Asa Griggs Candler in 1886 and is headquartered in Atlanta, GA. (See Full Profile)
Name | Chg % | Market Cap |
---|---|---|
Cott Corp. | $2.06B | |
National Beverage Corp. | $4.07B | |
Coca-Cola Femsa S.A.B. de C.V. ADR | $13.73B | |
Nestle S.A. ADR | $240.24B | |
Dr Pepper Snapple Group Inc. | $21.63B |