Coca-Cola Co. reports quarterly financial results.
Coca-Cola (KO) is expected to report a jump in profit and revenue on growth outside the U.S. market when it reports second-quarter earnings Tuesday. Analysts see the world's largest beverage manufacturer reporting a 1.7% rise in earnings to $1.19 per share. Sales are seen growing 4.7% to $113.6 billion.
Profit from overseas ventures is expected to offset a decline in carbonated beverage consumption at home. U.S. soft drink consumption in 2011 declined to its lowest level since 1996, according to Beverage Digest.
In June, Coke announced it will invest $3 billion in India in the next eight years in an effort to increase its market share vs. PepsiCo (PEP). Coca-Cola's global market share of carbonated soft drinks is 52% vs. 21.4% for Pepsi, according to Beverage Digest. In most international markets, Coke leads Pepsi by a wide margin.
CSX Corp. reports quarterly financial results.
CSX Corporation (CSX - Analyst Report), one of the leading rail transportation companies, is slated to release its second quarter 2012 results on Tuesday, July 17. The current Consensus Estimate for second quarter earnings per share is pegged at 47 cents, representing an annualized growth estimate of 1.98%.
Goldman Sachs Group Inc. reports quarterly financial results.
Earnings Per Share: The current Street estimate is $1.15 (range is $0.82 to $1.70). Source: Yahoo Finance. Revenues are seen coming in at $6.41 billion, down 12.0% year over year.
Goldman Sachs shares are now trading at a mere 7.53 times forward profits, vs. the Standard & Poor's multiple of 13.5 times and 0.65 times book. At a recent price of $97.42, Goldman Sachs is now trading at a slight discount to tangible book value ($123.94) and a single-digit forward P/E multiple. Goldman also boasts an impressive balance sheet and trades at a mere 0.81 times cash.
Harley-Davidson Inc. reports quarterly financial results.
Intel Corp. reports quarterly financial results.
Analysts see Intel reporting a profit of 52 cents a share, on revenue $13.55 billion, according to FactSet. In the year-earlier period, the company reported a profit of 52 cents a share, on sales of $13.03 billion.
Johnson & Johnson reports quarterly financial results.
Mattel Inc. reports quarterly financial results.
TD Ameritrade Holding Corp. reports quarterly financial results.
Wynn Resorts Ltd. reports quarterly financial results.
Yahoo Inc. reports quarterly financial results.
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