Coca-Cola (NYSE:KO): The world’s largest soft drink maker is gearing up to replace its rather geriatric board with a younger set, as its members — some well into their 70s and 80s — are expected to step down from their positions. A younger crowd could change the direction that the company has been moving in, particularly in regards to merger and acquisition activity.
Boeing Co. (NYSE:BA): Despite heavy headwinds (pun fully intended), Boeing managed to top analyst expectations, even whilst 50 of its ground-breaking 787 planes sat on tarmacs worldwide under an FAA flight ban. Earnings clocked in at $1.73, $0.26 above expectations, while revenue of $18.9 billion just missed $0.3 billion. Operating margins rose 80 basis points, and the company reaffirmed its 2013 full year guidance of $82-$85 billion, and earnings per share of $6.10-$6.30.
Corning (NYSE:GLW): Corning has joined the large group of companies that exceed earnings expectations but fall short on revenue. Earnings of $0.30 per share beat by $0.06, although revenue of $1.8 billion missed the mark by $.16 billion. Display Technologies LCD glass price declines were less significant in the first quarter than in the fourth quarter, falling in-line with the company’s expectations.
Procter & Gamble (NYSE:PG): The home goods giant delivered $0.99 per share earnings for the third quarter, beating estimates by $0.03. Revenue came up short — $20.6 billion, $0.14 billion off the mark. Organic sales grew 3 percent, and cost savings were able to improve the company’s bottom line. The company also raised its quarterly dividend by 7 percent earlier in the month.
Conn’s Inc. (NASDAQ:CONN): Oppenheimer has initiated coverage of Conn’s, and bullishly placed an Outperform rating on the stock with a price target of $54. The move away from electronics and added emphasis on furniture sales has caused the company’s stock to strengthen, and has started to pay off as its bottom line improves.
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