Positive earnings reports saw investors grab stocks on Tuesday, with S & P 500 (SNPINDEX: ^ GSPC) and Nasdaq Composite at all-time highs. The Dow Jones Industrial Average (DJINDICES: ^ DJI) also rose. The healthcare, consumer discretionary and technology sectors had very good meetings, while consumer staples were the only sector to hit the red.
Today's Stock Exchange
|S & P 500||0.88%|| 25, 71
In the case of individual stocks, investors were pleased with user growth on Twitter (NYSE: TWTR) and Coca-Cola (NYSE: KO) Strength in its core brands and newer drinks.
Twitter impresses investors with profit and user growth
15.6% after the social media specialist exceeded expectations for first-quarter results with better-than-expected profitability and growth in monetizable users. Sales increased 18.3% to $ 787 million and earnings per share were $ 0.25. Analysts expected the company to earn $ 0.15 per share on revenue of $ 775 million.
Monetizable daily active users (mDAUs), which include users who log in to a Twitter application that can display ads, were 134 million, an increase of 6% over the last quarter and 11% from the period a year ago. Advertising revenues grew 20% in constant currency and total ad advertising grew by 23%. The profit was improved by a tax advantage; In addition, net income increased 8% and earnings per share were $ 0.08.
CEO Jack Dorsey highlighted the company's progress in eliminating abusive tweets and its focus on live events. Twitter is partnering with sports broadcasters to provide live streaming and interactivity so that users can vote on each athlete highlighted in live stream views.
Growth strategies work for Coke
Coca-Cola has captured strong currency Sales and earnings for the first quarter exceeded expectations and the share increased by 1.7%. Net sales increased 5.2% to $ 8.02 billion, outstripping the analyst's consensus estimate of $ 7.89 billion. Comparable (non-GAAP) earnings per share increased 2.1% to $ 0.48, up from the $ 0.46 expected by Wall Street on that basis.
The strong dollar had a 6 percentage point decline in sales and a 11 percentage point decrease in operating income, but underlying growth was strong and case sales were up 2%. The company's growth strategies are paying off. Orange Vanilla Coke and the Zero Sugar version are helping to increase the retail value of the Coca-Cola brand by 6%. Coca-Cola Zero Sugar posted double-digit growth for the sixth consecutive quarter. Sales of water, improved water and sports drinks increased by 6%.
The $ 5.1 billion acquisition of Costa coffee will pay off in the next quarter as Coca-Cola launches Costa-made ready-made drinks. The company reiterated its guidance for full year revenue growth of 12% to 13%, including a tailwind of 8% to 9% through acquisitions, divestitures and structural elements.