Jefferies Cuts Price Target on Coca Cola (KO) Following 2Q and Guidance Revisions

Wall St. ends lower after Fed keeps rates unchanged

July 27, 2016 7:26 AM EDT

By Noel Randewich

(Reuters) - Wall Street ended lower on Wednesday after the Federal Reserve left interest rates unchanged but opened the door to a possible rate increase later this year.

The Fed had not been expected to move interest rates at its two-day meeting, ended on Wednesday, but investors have been anxious for hints about when an increase might come in light of concerns about fallout from Britain's vote in June to leave the European Union.

The U.S. central bank indicated less worry about possible shocks that could push the U.S. economy... More

Coca-Cola's revenue misses on weak China, LatAm markets

July 27, 2016 7:09 AM EDT

By Sruthi Ramakrishnan

(Reuters) - Coca-Cola Co (NYSE: KO) reported lower-than-expected quarterly revenue due to weakness in China and certain Latin American economies, and the company warned of no improvement in those markets for the rest of the year.

Shares of the world's largest beverage maker, which also cut its full-year organic revenue growth forecast, fell 3.63 percent to a more than three-month low of $43.25 on Wednesday.

Sales in China are being pressured as wholesalers bring down inventory levels in response to weakening consumer environment in the country, Chief Operating Officer James Quincey said on a... More

Coca Cola (KO) Tops Q2 EPS by 2c

July 27, 2016 6:55 AM EDT

Coca Cola (NYSE: KO) reported Q2 EPS of $0.60, $0.02 better than the analyst estimate of $0.58. Revenue for the quarter came in at $11.5 billion versus the consensus estimate of $11.64 billion.

Global volume grew 1% year to date and was even in the quarter.

Global price/mix... More

Trading Radar for 7/27: Facebook (FB), Boeing (BA), Comcast (CMCSA), General Dynamics (GD), Modelez (MDLZ) Report

July 26, 2016 2:56 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EDT

Durable Orders - Street sees (1.0%)Durable Orders: ex-transportation - Street sees 0.2%

Earnings:

Altria Group (NYSE: MO) - consensus EPS $0.80
Angie's List (Nasdaq: ANGI) - consensus loss $0.06
Anthem (NYSE: ANTM) - consensus EPS $3.23
Ballard Power (Nasdaq: BLDP) - consensus loss $0.04
Boeing (NYSE:... More

General Mills (GIS) on Watch Amid Unconfirmed Market Chatter

July 26, 2016 9:39 AM EDT

General Mills (NYSE: GIS) shares were on watch amid unconfirmed market chatter involving Coca Cola (NYSE: KO).

... More