Coke to Miss 2nd Half Earnings Estimates
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ATLANTA Sept. 15, 2004 - Soft-drink giant Coca-Cola Co. said Wednesday that it expects second-half 2004 earnings per share to fall short of Wall Street expectations on flat to low volume growth.
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The Coca-Cola Company is lowering its long-term earning and sales targets. In a statement today (11 November), the company added that continued weak performance in certain key markets was expected in 2005 as operational issues are addressed.
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A profit warning from Coca-Cola took the fizz out of leading Wall St shares and sent the main indices sharply lower. At the closing bell, the Dow Jones was down 86.
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REVIEW RESULTS: Coca-Cola Co. lowered its targets for earnings and sales volume growth amid continuing weakness in key markets including North America.
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Colgate-Palmolive Co. CL.N on Monday  warned that earnings for the second half of the year will fall  short of earlier forecasts due to higher marketing costs.
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NEW YORK (CBS.MW) -- Coca-Cola Co. said Thursday it anticipates weakness in several key markets in 2005 and lowered long-term targets for both volume and operating income growth.
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Coca-Cola Co.  on Thursday reported a 24 percent drop in third-quarter net income due to weak sales of its soft drinks, juices and bottled waters in Germany, North America and other key markets.
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ATLANTA - Coca-Cola Enterprises Inc., the largest bottler of Coca-Cola products, lowered its full-year earnings outlook and put its third-quarter forecast below analysts&#39; expectations due to softer-than-expected volume trends.
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Coca-Cola reports a 24% drop in quarterly income on the back of weak sales of its soft drinks, juices and bottled waters.
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NEW YORK - Stocks headed lower Wednesday after beverage giant Coca-Cola Co. issued a gloomy forecast, and a lower-than-expected reading on industrial production for August threw the nation's broader economic outlook into question...
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Soft drink giant Coca-Cola Co. KO.N,  stung by a prolonged downturn in North America, Germany and  other major markets, on Thursday lowered its key long-term  earnings and sales targets.
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Soft drink giant Coca-Cola Co. KO.N,  stung by a prolonged downturn in North America and other  markets, announced on Thursday that it was lowering key   long-term earnings and sales targets.
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Coca-Cola Co.  on Wednesday reported a slight rise in quarterly net income, boosted by the impact of currency fluctuations and a late surge in demand for soft drinks, juices and bottled waters.
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Coca-Cola Co.  on Wednesday said earnings for the remainder of 2004 would lag current expectations because of weakness in key markets.
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Pepsi Bottling Group Inc  on Thursday gave a 2008 earnings forecast that fell short of most Wall Street estimates.
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Coca-Cola Co. , the world's largest soft-drink maker, on Wednesday reported lower fourth-quarter net profit, hurt by an $2.9 billion impairment charge at its largest bottler.
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ATLANTA - Coca-Cola Co. will damp growth prospects for next year and outline plans to increase &quot;marketing and innovation expenses&quot; by as much as $400 million on an annual basis when management speaks to analysts and investors later Thursday.