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Coca-Cola Stock Is Rocking Like the 1990s, With a Higher P/E Than Most of the Magnificent 7
Barrons.com14d agoneutral
Coca-Cola Stock Is Rocking Like the 1990s, With a Higher P/E Than Most of the Magnificent 7

It felt a little like the 1990s on Tuesday, as Coca-Cola took center stage in the stock market after the soft-drink leader reported strong second-quarter earnings. Coke stock rallied 5% to $88.27 after touching a record $90 earlier in the session. Other consumer stocks gained, including PepsiCo Colgate-Palmolive and Procter & Gamble as investors continued to rotate out of technology, with the exchange-traded fund losing 1.8%.

Coca-Cola Stock Soars to Record as  Consumers Keep Spending on Drinks
The Wall Street Journal14d agobullish
Coca-Cola Stock Soars to Record as Consumers Keep Spending on Drinks

Drinks like Coca-Cola Zero Zero are helping drive spending among consumers who are looking for more value in what they buy, Coke Chief Executive Henrique Braun said in an interview. Coke Zero Zero, which has zero calories, sugar and caffeine, had success in Europe and is being expanded to other markets. The drink is focused on those who want less caffeine in the afternoon, Braun said.

CocaCola Q2 Earnings Call Highlights
MarketBeat14d agoneutral
CocaCola Q2 Earnings Call Highlights

CocaCola (NYSE:KO) reported second-quarter results that management said reflected broad-based global momentum, with unit case volume rising 5%, organic revenue increasing 6%, and comparable earnings per share growing 11% to $0.97. Chief Executive Officer Henrique Braun said the quarter benefited fr

Coca-Cola Raises Outlook; PayPal Tops Estimates | Stock Movers
Bloomberg14d agobullishVIDEO
Coca-Cola Raises Outlook; PayPal Tops Estimates | Stock Movers

On this episode of Stock Movers: - Coca-Cola (KO) shares are moving after it raised its full-year outlook, bolstered by demand last quarter while it served as a major sponsor of the FIFA World Cup. - PayPal (PYPL) shares are higher after it reported second-quarter earnings and revenue that topped Wall Street consensus estimates, and raised full-year adjusted profit guidance. CEO Enrique Lores commented on takeover speculation, saying the company remains open to evaluating opportunities, but its focus is on executing its strategic plan. - Hilton (HLT) shares are responding to the company reporting adjusted earnings per share of $2.29 for the three months through June, beating expectations of $2.27.

Coca-Cola second quarter earnings top estimates, raises full-year guidance
Proactive14d agoneutral
Coca-Cola second quarter earnings top estimates, raises full-year guidance

The Coca-Cola Company (NYSE:KO) reported better-than-expected second quarter results on Tuesday and raised its full-year guidance, sending shares up almost 7% in early trading on Tuesday. The beverage maker posted adjusted earnings of $0.97 per share for the quarter, ahead of Wall Street...