Why Coca-Cola Consolidated Stock Jumped This Week [Yahoo! Finance]
S&P Global Inc. (SPGI)
Last s&p global inc. earnings: 4/28 07:10 am
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Source: Yahoo! Finance
The stock gained 11% through Thursday trading compared to a 1.2% rally in the wider market, according to data provided by S&P Global Market Intelligence . That boost was just enough to put shares back in positive territory for the year, although the stock is still trailing the S&P 500 's 9% increase to date in 2024. This week's spike was powered by the company Q1 earnings update, which contained good news on the most recent operating trends. Sparkling news Coca-Cola Consolidated posted modest sales growth for the Q1 selling period that ran through late March. Revenue rose 1% thanks to rising sales volumes for both sparkling and still drinks. Coke achieved a bigger profit boost as well, lifting profitability. Operating profit margin jumped to 13.5% of sales from 13.1% of sales a year ago. "Our solid...results build on the improved profit margins and strong cash flow we achieved in 2023," CEO Frank Harrison said in a press release . Investors were also pleased to hear that the
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SPGI
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- 4/26/24 - Miss
SPGI
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- 5/17/24 - Form 4
- 5/15/24 - Form 144
- 5/6/24 - Form 8-K
- SPGI's page on the SEC website