Coca-Cola Raises Full-Year Outlook; PayPal Exceeds Earnings Estimates
Coca-Cola (KO) has raised its full-year outlook, driven by strong demand in the previous quarter when it was a major sponsor of the FIFA World Cup. The company's shares are responding positively to this update. PayPal (PYPL) also outperformed expectations with second-quarter earnings and revenue that exceeded Wall Street forecasts. In addition, PayPal raised its full-year adjusted profit guidance. CEO Enrique Lores noted that while the company is open to evaluating potential acquisition opportunities, it remains focused on executing its strategic plan.
Topics: Coca-Cola Earnings Reports Hilton PayPal Stock Movers