Coca-Cola (KO) profit jumps 19 pct in 1st-qtr as sales soar
Coca-Cola Co. (KO) saw its first-quarter profits rise 19 percent on a 21 percent increase in sales. These results beat the expectations of Wall Street analysts. The Atlanta-based company said Wednesday its profit was $1.50 billion, or 64 cents a share, for the three-month period ending March 28. This compared to a profit of $1.26 billion, or 54 cents a share, in the same period a year earlier. Analysts polled by Thomson Financial were expecting earnings of 63 cents a share in the quarter.
On the heels of KO's good earnings report and its FusionIQ Master technical score of 94 - we would suggest KO shares are worth looking at here as both the technical and fundamentals support a higher outlook.  Additionally KO's defensive nature as a beverage company is likely attracting buyers in this period of uncertainty.
 
 
 

Comments
Leave a comment
Name
Email Address
URL
Remember personal info?
Comments
Blog Home
RSS Feed
Categories
Barron's
Breakouts/Breakdowns
ChartWatch
Company in the News
Equity Timing Signals (Buy/Sell)
Market Data
Media
Sector Group Rankings
Short Squeeze Screen
Stock Analysis
Total Stocks Rankings
Archives
April 2008
March 2008
February 2008
January 2008
December 2007