SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : The Naked Truth - Big Kahuna a Myth
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: HH who wrote (6720)9/22/1998 2:59:00 PM
From: Joseph G.  Read Replies (2) of 86076
 
<<NEW YORK, Sept 22 (Reuters) - Coca-Cola Co shares fell Tuesday after Salomon Smith Barney cut earnings estimates, citing
currency pressures and lower volume expectations.

Salomon analyst Jennifer Solomon lowered the 1998 earnings per share estimate to $1.54 from $1.60 and the 1999 estimate to $1.68 from $1.85. She cited ''continued
margin and currency pressures as well as slightly lower volume expecatations.''

Solomon said she believes Coke will achieve its stated 7 to 8 percent worldwide volume growth objective, and expects 7 percent growth in the third quarter and 8 percent
growth in the fourth quarter.

The volume expectations are down from the 10 percent volume growth rate seen in the past four quarters, Solomon said.

Solomon also lowered the stock price target to $59 from $83, noting that Coke has ''significantly underperformed'' the market since Salomon lowered its rating to neutral
from buy in August 1997.>>
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News