News Formal

Here’s why Coca-Cola stock is dropping despite earnings beat

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 23 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 72%

Equities ニュース

Macroeconomics

Coca-Cola had solid Q3 earnings that topped estimates. The stock price was heading 2% lower on Wednesday.

Key points Is Coca-Cola stock a buy? The selloff could be related to external factors. Coca-Cola stock was down about 2% Wednesday after the beverage maker released solid Q3 earnings that topped estimates. The company saw revenue decline 1% year over year to $11.85 billion, which is better than the $11.61 billion that analysts targeted. But organic revenue jumped an impressive 9%. Net income fell 8% to $2.8 billion, or 66 cents per share.

” Quincey also addressed the impact, if any, of the McDonald’s e-coli situation, in response to an analyst’s question on the Q3 call. McDonald’s is one of Coca-Cola’s largest customers. “Obviously, hearts go out to the people who have been affected by the contamination,” said Quincey. “Certainly, we’re a big partner of McDonald’s. They’re a big partner of ours. We’ll be helping them in any way we can as they work through whatever is happening.

 

コメントありがとうございます。コメントは審査後に公開されます。
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 14. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Coca-Cola Spiced is getting canceled after 7 months on the marketCoca-Cola Co. is discontinuing its newest “permanent” flavor a little more than seven months after putting the product on the market. The beverage giant said Wednesday that Coca-Cola Spiced and Coca-Cola Spiced Zero Sugar will be phased out and replaced with a new flavor that will be introduced next year. Coca-Cola Spiced went on sale in the U.S.
ソース: AP - 🏆 728. / 51 続きを読む »