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The net profit of the American Coca-Cola, the world's largest producer of non-alcoholic beverages, grew 69% year-on-year in the second quarter to $2 billion 316 million. Adjusted earnings were 61 cents per share while the analyst had predicted 60 cents per share. Revenue fell 8% to $8 billion 927 billion. Analysts had expected the figure at 8 billion 550 million dollars. In the past quarter, the company increased sales in physical terms by 2%. In the Asia-Pacific region, sales grew by 5%, in North America, Europe, the Middle East and Africa – by 1%. In Latin America, the figure did not change.
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, ...
Apple, Google, Amazon, and Facebook’s chief executive officers faced Republican and Democratic U.S. lawmakers on Wednesday for the much-anticipated congressional hearing. The CEOs were questioned for alleged abuse of their market power ...
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 ...
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