PepsiCo on Thursday reported a higher quarterly profit, lifted by sales gains in its snacks business.» Read More
The "Squawk on the Street" news team discuss the soda market and break down Coca Cola's quarterly operating earnings which fell in line with Wall Street estimates.
Companies making headlines before the bell:
Coca-Cola reported better-than-expected quarterly revenue, as strong sales in China more than offset a drop in Europe and flat volumes in North America.
Europe's banks prepare for ECB tests with new provisions. LONDON- The tens of billions of euros euro zone banks set aside for loan losses in their latest annual accounts may have substantially reduced the chance of institutions failing ECB stress tests in the next few months.
U.S. stock index futures pointed to a flat-to-lower open on Tuesday, as investors awaited results from a number of industry heavyweights.
April 15- Coca-Cola Co reported better-than-expected quarterly revenue as strong sales in China more than offset a drop in Europe and flat volumes in North America. Sales declined 4 percent in Europe, but rose 6 percent in both India and Russia.
Muhtar Kent, chairman & CEO of Coca-Cola, reaffirms the safety of aspartame and discusses the launch of stevia-sweetened Coca-Cola Life in Argentina and Chile.
*Yahoo, Morgan Stanley rise after research notes. NEW YORK, April 15- U.S. stock index futures edged up on Tuesday after earnings from Coca Cola and Johnson& Johnson and ahead of economic data including inflation and manufacturing.
Muhtar Kent, chairman & CEO of Coca-Cola, discusses his company's quarterly results. We are improving in key markets like China and Brazil, says Kent.
NEW YORK— Coca-Cola, the world's biggest beverage maker, said Tuesday that the amount of soda it sold globally fell for first time in 15 years. Gary Fayard, the company's outgoing chief financial officer, attributed the decline in sodas partly to the timing of Easter, which falls in the second quarter this year instead of the first.
April 15- Coca-Cola Co reported an 8 percent fall in quarterly net earnings after a decline in volumes in Europe and the sale of its bottling operations in Brazil. The company's net income attributable to shareholders fell to $1.62 billion, or 36 cents per share, in the first quarter ended March 28 from $1.75 billion, or 39 cents per share, a year earlier.
Bill Schmitz, Deutsche Bank Securities, dissects Coca Cola's quarterly numbers. All of the growth of the company comes internationally, says Schmitz.
A rush of earnings could help steer the market's direction on Tuesday, after Citigroup's earnings beat provided kindling for a market rally Monday.
Coca-Cola Co. rose$. 10 or. 3 percent, to $38.73. Molson Coors Brewing Co. rose$. 46 or. 8 percent, to $57.54. PepsiCo Inc. rose$. 40 or. 5 percent, to $83.55.
Coca-Cola Co. rose$. 16 or. 4 percent, to $38.79. Dr Pepper Snapple rose$. 22 or. 4 percent, to $51.41. Molson Coors Brewing Co. rose$. 64 or 1.1 percent, to $57.72.
Coca-Cola Co. rose$. 12 or. 3 percent, to $38.74. Dr Pepper Snapple rose$. 31 or. 6 percent, to $51.50. Molson Coors Brewing Co. rose$. 26 or. 5 percent, to $57.34.
The ECB's Draghi actually admitted currency manipulation. Here's the takeaway for investors, says Michael Yoshikami
The sharp stock market decline last week doesn't look like it will continue this week, Jonathan Golub, chief U.S. market strategist at RBC Capital, told CNBC on Monday.
Corporate America’s well-oiled compensation machine is running like a dream.
Like thunderstorms cooling an overheated landscape, more selling could rumble through the stock market in the coming week.