Coca-Cola, Intel, Ecolab Achieve New 52-Week Highs as DJIA Climbs 200 Points
Coca-Cola Company (NYSE:KO): Volume growth in the quarter was well-balanced around the world, with solid growth in key developed markets, including North America (+2%), Japan (+3%) and Germany (+3%) as well as strong growth in key emerging markets such as India (+20%), China (+9%) and Brazil (+4%). “In addition, high single-digit volume growth continued in countries with per capita consumption of Company brands less than 150 eight-ounce servings per year. Brand health remains strong. We continued to see growth in sparkling beverages, with global volume up 4% in the quarter, sparkling beverage volume growth across every geographic operating group and gains in global volume and value share.” Worldwide still beverage volume grew 9% in the quarter. The shares closed at $73.95, up $1.51 or 2.08% on the day. They have traded in a 52-week range of $63.34 to $74.39.
Ecolab Inc. (NYSE:ECL): Nalco, an Ecolab company, implemented a price increase for all water and process services industry segments. Pricing for most Nalco Water and Process Services division programs will increase globally between 5% and 15%, varying by country and product. The price increase is effective immediately or as existing contracts allow. The price adjustments are driven by the significant increase in key raw materials costs, combined with other global inflationary factors such as rising energy and transportation costs. Nalco sales engineers are contacting customers directly to discuss the impact of these increases. The shares closed at $62.57, up $0.78 or 1.26% on the day. They have traded in a 52-week range of $43.81 to $62.86.
Intel Corp. (NASDAQ:INTC): Intel reported Q1 adjusted EPS 56c versus consensus 50c. Reported Q1 revenue $12.9B versus consensus $12.84B. The shares closed at $28.47, up $0.06 or 0.21% on the day. They have traded in a 52-week range of $19.16 to $28.55. Intel Earnings: Profit Drop Breaks Four Consecutive Quarters of Growing Profits>>
Interxion Holding (NYSE:INXN): InterXion announced the opening of its seventh data centre, “FRA 7”, in its Frankfurt campus. The new data centre, which provides over 1,500 sqm of additional equipped space and 2 MW of additional customer power from renewable energy sources, enhances Interxion’s capacity to provide value-adding services to its customers in the connectivity, digital media, financial services, and cloud service segments. The shares closed at $18.76, up $0.26 or 1.41% on the day. They have traded in a 52-week range of $10.71 to $18.61.
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