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
“The Next NVIDIA” Could Change Your Life
NVIDIA has returned 250-fold in the past 10 years as artificial intelligence took off.
But if you missed out on NVIDIA’s historic run, your chance to see life-changing profits from AI isn’t over.
The 24/7 Wall Street Analyst who first called NVIDIA’s AI-fueled rise in 2009 just published a brand-new research report named “The Next NVIDIA.”
The report outlines key breakthroughs in AI and the stocks ready to dominate the next wave of growth. The report is absolutely free. Simply enter your email below
By providing your email address, you agree to receive communications from us regarding website updates and other offerings that may be of interest to you.
You have the option to opt-out of these emails at any moment. For more information, please review our Disclaimer and Terms of Use.
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).
