Even if people are feeling poor or are poor, they can still buy a soft drink. Coca-Cola (KO) proved that today with strong earnings. It is extremely good news for companies which sell extremely inexpensive goods to consumers. The best of it is that the ripples may even extend to low-end food chains like McDonald’s (MCD).
Coca-Cola reported third quarter earnings per share of $0.81, an increase of 14 percent versus the prior year quarter on a reported basis
Third quarter net operating revenues increased 9 percent to $8.4 billion.
Operating income in the quarter increased 20 percent $20.2 billion
The stock was up in the pre-market. Other consumer goods companies should move higher on the news as well
Douglas A. McIntyre
Credit Card Companies Are Doing Something Nuts
Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.
It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.
We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
