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(FOOL GLOBAL WIRE) LEXINGTON, KY. (October 15): Except for the two telecommunications equipment makers, TELLABS and ADC TELECOMMUNICATIONS, Investing For Growth had a tough day. The only news was COCA-COLA'S earnings report, which I'll get to in a moment, but after a string of nice gains for the IFG model, actually bringing it up to and slightly past the S&P 500 gains for the year, the portfolio backed up today. On to Coke! And someone definitely shook this can before they opened it. Sales slid 5%, earnings plummeted 54%, operating income dropped from $986 million last year to $454 million this year. Not exactly the rosy picture we might have hoped for. Coke's net income for the quarter was $967.0 million, or 39 cents a share. That represented a 20.6% increase over the year-ago quarter, when the company reported earnings of $802.0 million, or 32 cents a share. Coke's bottom line for the latest quarter appeared to be roughly in line with Wall Street estimates. First Call's consensus number was 38 cents a share. NIKE, 3COM, CLAIRE'S STORES, and SCI SYSTEMS joined "the real thing" in the big losers column today, none of which moved on any news crossing the wires. Ah well, to have days like today makes one appreciate the big days all the more. Don't forget to catch Tom and David Gardner tonight on CNBC's Money Club (7:30 eastern). Their topic will be the Dow Dividend Approach and rumor has it they're wearing the hats! To check the latest IFG rankings or historical numbers, visit our Investing For Growth Statistics Center. You can also pick up a copy of the IFG Primer directly from our FoolMart center. Transmitted: 10/15/96 |
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