Coke&#39;s flat earnings pop Wall Street rally, expectations
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US stocks fizzed downward yesterday after Coca-Cola Co. and other firms reported disappointing sales and earnings projections - giving Wall Street a case of indigestion amid concern that the days of fat corporate profits may be over.
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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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NEW YORK Stocks extended their rally with modest gains yesterday, as Wall Street overlooked climbing oil prices to focus on strong profit results from Lehman Brothers and Sprint&#39;s $35 billion deal to acquire Nextel Communications.
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Coca-Cola Enterprises Inc. (CCE.N: Quote, Profile, Research) , the world&#39;s largest bottler of Coca-Cola soft drinks, on Thursday forecast its earnings in 2005 would be at
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Shares on Wall Street looked set for a  flat start on Wednesday after rising solidly in the previous  session on a bullish economic report and ahead of key data  later in the week.
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World markets saw modest gains in light pre-holiday trading yesterday, fueled by Wall Street&#39;s strong rally over the past week.
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Wall Street was set for a flat start on Thursday but stellar results from Apple Computer  will underpin the technology sector ahead of earnings from network computer maker Sun Microsystems .
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For the three months ending Sept. 30, Coke said it earned $935 million compared to a profit of $1.22 billion a year earlier. ATLANTA - The Coca-Cola Co.
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The Dow industrials and S&P 500 were little changed on Thursday as cautious investors sought to lock in profits from Wednesday's sharp late-day rally.
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U.S. stocks jumped higher  on Tuesday  as better-than-expected corporate earnings from companies like  Johnson & Johnson and DuPont and positive consumer confidence  data lifted the mood on Wall Street.
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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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Atlanta - The Coca-Cola Co. reported a 24 percent drop in third-quarter profit on flat revenue, but beat analysts reduced expectations that were tempered after the beverage giant&#39;s previous warnings.
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U.S. stocks were largely flat on   Friday after data that boosted optimism about corporate profits   and consumer spending offset declines in Texas Instruments   TXN.N following a downgrade of the stock.
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U.S. stocks were flat on Thursday as  higher oil prices overshadowed news that cell phone maker Nokia  Corp. NOK.N raised its earnings forecast and weekly jobless  claims fell more than Wall Street's forecast.
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U.S. stocks were flat on Wednesday as renewed worries about the outlook for interest rates wiped out early gains notched up on news of strong retail sales and a flurry of takeover activity.
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Coca-Cola Co.  posted higher-than-expected quarterly profit on Tuesday, helped by strength in its developing China and India markets, and moderate gains in mature markets such as Germany and Japan.
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The brokerage is expected to report glowing earnings, but will they give Wall Street a lift?