PepsiAmericas cuts 2006 outlook; shares plunge
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Bottler PepsiAmericas Inc. PAS.N on   Monday cut its 2006 earnings outlook due to lower-than-expected   net pricing and a higher cost of goods sold in its U.S.   business, and its shares fell as much as 7 percent.
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PepsiCo Inc. reaffirmed on Thursday its 2007 earnings forecast of at least $3.30 per share.
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Wendy&#39;s International Inc.&#39;s stock tumbled 6 percent Wednesday, the day after the company reduced its 2004 profit forecast citing higher beef costs and fallout from the hurricanes.
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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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Pepsi Bottling Group Inc.  posted slightly higher quarterly profit on Tuesday but failed to allay investor concerns about rising costs, sending its shares down as much as 7.7 percent to their lowest level in nearly three months.
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Take a big gulp: Citing persistent weakness in key markets, Coca-Cola (nyse: KO - news - people ) is reducing its long-term targets for sales volume and earnings growth.
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Coca-Cola Enterprises Inc. (CCE.N: Quote, Profile, Research) , the world&#39;s largest bottler of Coca-Cola drinks, on Wednesday cut its earnings forecast due to lower-than-expected
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Mounting losses at U.S. arm Chrysler   forced DaimlerChrysler DCXGn.DE to cut its 2006 operating   profit forecast by around 1 billion euros ($1.27 billion) on   Friday, sending its shares skidding lower.
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The Kellogg Company said that it would cut about 220 jobs at its factory in Manchester, England, to counter rising expenses for fuel and commodities. Eliminating the hourly and salaried positions will cost $60 million, the company said in a filing with the Securities and Exchange Commission. The jobs will be eliminated through severance and voluntary retirement, Kellogg said. The chief financial officer, Jeffrey M. Boromisa, said cost cuts including the reductions in Manchester would lower 2006 earnings by about $90 million, or 15 cents a share. Kellogg, based in Battle Creek, Mich., employs more than 1,000 people in Manchester where it makes corn flakes and other of its cereals, said Sam Fulton, a spokesman for Kellogg in Britain.
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Wall Street's quarterly earnings  frenzy is starting to taper off, but U.S. stock investors will  still have plenty of numbers to watch next week. Several media  giants as well as beverage and snack foods company PepsiCo Inc.   and forest products company Weyerhaeuser Co.  are  among those planning to announce results in the week ahead.
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COCA-COLA has warned that its earnings for the rest of 2004 will be below expectations because of weakness in key markets, highlighting the divergent fortunes of the company and its top rival, PepsiCo.
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Soft drink giant Coca-Cola Co. (KO.N: Quote, Profile, Research) , 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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Hamburger chain Wendy's International Inc.  on Monday slashed its 2007 earnings forecast and said it would explore a possible sale of the company instead of other restructuring options.
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Medical technology company Biolase Technology Inc. (BLTI.O: Quote, Profile, Research) on Thursday cut its outlook for the third and fourth quarters, sending its shares tumbling by
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Fresh Del Monte Inc. (FDP.N: Quote, Profile, Research) on Thursday cut its 2004 earnings forecast because of weak banana prices, high fuel costs and bad weather, among other factors.
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Plus, Coke loses some fizz, PeopleSoft sort of says no, and has Starbucks' value peaked?
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ATLANTA Coca-Cola, the world&#39;s biggest maker of soft drinks, said Thursday that it was scaling back its long-term targets for sales volume and earnings growth amid continuing weakness in key markets including North America.