American soft drink manufacturer Coca-Cola increased its net profit by 30% in the third quarter from a year earlier to $1 billion 880 million. Earnings, not taking into account one-off factors, of 58 cents per share exceeded economists’ forecast of 55 cents per share. Revenues amounted to 8 billion 250 million dollars, a decrease of 9%. The figure also turned out to be higher than market expectations of $8 billion 190 million. Sales of carbonated beverages showed an increase in all regions. The most significant growth was observed in the Asia-Pacific region. Total sales increased by 2%.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...