Coca Cola is expected to report another bubbly quarter, even against an uncertain consumer environment.
For Wednesday morning, Wall Street expects the company to post revenue of $11.61 billion, down from $12 billion last year, alongside earnings of $0.74. The soda giant is facing ongoing pressure from consumers, prospects of less favorable commodity costs, and more challenging trends in international markets.) revised its 2024 sales outlook earlier this month after its North America and international sales lagged Wall Street's expectations in the third quarter.
"Coca-Cola is deploying its revenue growth management capabilities to offer price points both for single-serve in convenience & gas channel as well as multi-serve in larger stores," Teixeira wrote, pointing to an example of a single-serve 20 oz can costing $2.25 to $2.69, compared to $1.99 previously.
Qualcomm on Tuesday said it was teaming up with Alphabet's Google to offer a combination of chips and software that will let automakers develop their own AI voice assistants using technology from the two firms. Qualcomm's chips have long powered mobile phones with Google's Android operating system and the company has expanded into the automotive business, with chips that can power both a car's dashboard and automated driving systems that are used by General Motors and others.
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