Stocks Slump on Coke's Gloomy Forecast
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NEW YORK - Stocks sagged 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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Coca-Cola Co. (KO.N: Quote, Profile, Research) on Thursday reported a 24 percent drop in third-quarter net income due to weak sales of its soft drinks, juices and bottled
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COCA-COLA has reported a 24 per cent plunge 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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Coca-Cola Co., said its second-half earnings will decline because of sluggish sales in North America and Europe. Its shares are traded at the lowest level since May 2003.
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After several months of internal reviews, new Coca-Cola (NYSE: KO) CEO Neville Isdell came out with projections for growth in earnings and case volume at the venerable soft drink company that were sharply lower than those previously anticipated.
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The world&#39;s largest soft drink maker, Coca Cola, has lowered its sales targets. The news, coming from the company&#39;s new CEO, Neville Isdell, is the latest gloomy forecast from the beverage giant.
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Coca-Cola Co. on Thursday reported a sharp drop in quarterly net income due to weak sales of its soft drinks, juices and bottled waters in Germany and other key markets.
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Coca-Cola warned that its earnings will fall short of forecasts, pointing to competition in North America and poor weather in Europe.
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ATLANTA - The Coca-Cola Co. is lowering its long-term targets for earnings and growth in sales volume amid continuing weakness in key markets.
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Cadbury Schweppes Plc, the maker of 7Up and Dr Pepper, said 2004 earnings will be at the low end of forecasts as demand in the US and Europe stagnates, days after Coca-Cola Co.
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Blue-chip stocks fell on Wednesday after weaker-than-expected durable goods data added to uneasiness about the outlook for corporate profits.
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Coca-Cola, suffering from weak sales in North America and other important markets, said yesterday that it would sharply scale back its projections for the amount of beverages it expects to
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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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The Coca-Cola Co. is forecasting weakness in its key markets next year and is scaling back its long-term targets for earnings and sales volume growth.
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Plus, Coke loses some fizz, PeopleSoft sort of says no, and has Starbucks' value peaked?
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TORONTO (CP) - Earnings warnings from Celestica and Coca-Cola along with a slowdown in US industrial production sent stock markets lower Wednesday.
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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.