Coca-Cola Gains, Micron Drops, Corning Plunges as 3Q Sales Outlook Is Just Shy of Estimates
On this episode of Stock Movers:-Coca-Cola (KO) shares gain. Coca-Cola Co. raised its full-year outlook, bolstered by demand last quarter while it served as a major sponsor of the FIFA World Cup. The company now sees organic sales growth of 5%, and raised its forecast for earnings-per-share growth to as much as 8%. Coca-Cola topped earnings and sales expectations for last quarter, with organic sales jumping 7% in North America, where the World Cup was hosted.- Micron (MU) shares fall. Semiconductor stocks deepened as signs of progress in China’s advanced chipmaking industry compounded…
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