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Coke raises full-year sales forecast after stronger-than-expected third quarter

Published Tue, 05 Nov 2024 10:32:45 GMT

Coca-Cola raised its full-year revenue forecast Tuesday after a stronger-than-expected third quarter.Atlanta-based Coke said it now expects its organic revenue will be up 10% to 11% for the year. That’s up from the 8% to 9% guidance Coke announced at the end of the second quarter. Coke expects earnings __ adjusted for currency variations __ will grow 13% to 14%, up from a previous forecast of 9% to 11%.Coke’s shares rose 2% in premarket trading Tuesday.Coke said its global case volumes rose 2% for the July-September period. Coffee sales saw the strongest growth, as demand grew in the United Kingdom and China. Coca-Cola Zero Sugar sales were up 3% on growing demand in Latin America and North America. Powerade sports drink sales also grew 3%.Water sales were up 1%, while tea sales fell 1% on declining demand in Turkey and Latin America.Net revenue grew 8% to $11.9 billion in the July-September period, topping the $11.4 billion that Wall Street had forecast, according to an...

City Holding: Q3 Earnings Snapshot

Published Tue, 05 Nov 2024 10:32:45 GMT

CHARLESTON, W.Va. (AP) — CHARLESTON, W.Va. (AP) — City Holding Co. (CHCO) on Tuesday reported third-quarter profit of $29.8 million.The Charleston, West Virginia-based bank said it had earnings of $1.98 per share.The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.91 per share.The bank holding company for City National Bank of West Virginia posted revenue of $87.6 million in the period. Its revenue net of interest expense was $73.3 million, also beating Street forecasts.City Holding shares have fallen roughly 5% since the beginning of the year. The stock has fallen 12% in the last 12 months._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CHCO at https://www.zacks.com/ap/CHCOSource

HCA: Q3 Earnings Snapshot

Published Tue, 05 Nov 2024 10:32:45 GMT

NASHVILLE, Tenn. (AP) — NASHVILLE, Tenn. (AP) — HCA Healthcare Inc. (HCA) on Tuesday reported third-quarter profit of $1.08 billion.On a per-share basis, the Nashville, Tennessee-based company said it had net income of $3.91.The results missed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $3.97 per share.The hospital operator posted revenue of $16.21 billion in the period, exceeding Street forecasts. Nine analysts surveyed by Zacks expected $15.77 billion.HCA expects full-year earnings to be $17.80 to $18.50 per share, with revenue in the range of $63.5 billion to $64.5 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HCA at https://www.zacks.com/ap/HCASource

Mueller Industries: Q3 Earnings Snapshot

Published Tue, 05 Nov 2024 10:32:45 GMT

COLLIERVILLE, Tenn. (AP) — COLLIERVILLE, Tenn. (AP) — Mueller Industries Inc. (MLI) on Tuesday reported net income of $132.7 million in its third quarter.The Collierville, Tennessee-based company said it had profit of $1.17 per share.The copper, brass, aluminum and plastic products company posted revenue of $819.8 million in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MLI at https://www.zacks.com/ap/MLISource

Developer proposes 2-month pause on controversial Belmar build

Published Tue, 05 Nov 2024 10:32:45 GMT

LAKEWOOD, Colo. (KDVR) — A proposed housing development on the edge of the Belmar neighborhood has some Lakewood residents fighting back against the building.The group of opponents took over public comment at the Lakewood City Council meeting Monday night. The proposed development would be on the park's east boundary at 777 S. Yarrow St.Many who have lived in this neighborhood for a while want to prevent the development from happening. The proposed building would have 412 units and 542 parking spaces. ‘Save Belmar Park’: Lakewood residents protest proposed apartment build Not only is increased traffic on narrow neighborhood roads a concern, but many are saying the removal of 69 mature trees and the danger to birds in the nearby ecosystem are big issues. Opponents believe removing trees would further contribute to climate change, and it goes against the city’s own sustainability plan. Proponents believe more housing is needed, and the current building on the property is already a...

Former NSA worker pleads guilty to trying to sell US secrets to Russia

Published Tue, 05 Nov 2024 10:32:45 GMT

DENVER (AP) — A former National Security Agency employee from Colorado pleaded guilty Monday to trying to sell classified national security information to Russia.Federal prosecutors agreed to not ask for more than about 22 years in prison for Jareh Sebastian Dalke when he is sentenced in April if he adheres to the terms of a plea deal, but the judge will ultimately decide his punishment.Dalke, a 31-year-old Army veteran from Colorado Springs, technically faces up to a possible life sentence for giving the information to an undercover FBI agent who prosecutors say Dalke believed was a Russian agent. However, accepting responsibility for a crime usually leads to a lighter sentence.Dalke told the agent that he wanted to “cause change” after questioning the United States’ role in causing damage to the world, but he also said he was $237,000 in debt, according to court documents. He also allegedly said he had decided to work with Russia because his heritage “ties back to your count...

BSO deputy arrested on multiple charges involving child

Published Tue, 05 Nov 2024 10:32:45 GMT

A Broward Sheriff’s Office deputy was arrested and now faces multiple charges for allegedly interacting with a minor.Jemiah Thomas, 35, is now booked at the Broward County Jail where he awaits his court hearing, set for Tuesday morning.This arrest, carried out by the same agency where Thomas served, comes after he was accused of obscene communication using a computer to seduce a child, transmission of harmful material to the child, travelling to meet a minor after using a computer to solicit them, and lewd and lascivious behavior. Thomas will be able to bond out of jail after appearing before a judge. BSO officials have been contacted for more details. Please check back on WSVN.com and 7News for more details on this developing story.

FBI conducts law enforcement activity in Parkland; authorities asking public to avoid area

Published Tue, 05 Nov 2024 10:32:45 GMT

The Federal Bureau of Investigation (FBI) is currently conducting court-ordered law enforcement activity in Parkland.According to a tweet from @FBIMiami, agents are in the vicinity of the 7200 block of Northwest 68th Drive. Authorities urged the public to avoid the area until the situation is fully resolved as safety is a concern for those nearby. Officials did not give more information, but 7News will recieve more details as they become available.Please check back on WSVN.com and 7News for more details on this developing story.

Fake Ozempic: Several people hospitalized in Austria

Published Tue, 05 Nov 2024 10:32:45 GMT

Several people have been hospitalized in Austria after taking a counterfeit version of diabetes drug Ozempic to lose weight, authorities said, after the European Medicines Agency warned last week of the spread of fake Ozempic pens across Europe.The Austrian Federal Crime Office said Monday that individuals taking the counterfeit product could have died without immediate treatment.“The syringes can be obtained legally only by physicians through pharmacies, or by physicians who have a home pharmacy. In this case, the syringes are likely to have been obtained via another route,” the crime agency said in a statement. Criminal organizations have been taking advantage of delivery bottlenecks for Ozempic, a diabetes drug that has become increasingly popular for weight loss. They are selling counterfeit products that contain insulin rather than semaglutide, the active ingredient in Ozempic, the Austrian federal health office warned. Stocks of the affected batch may still be...

Jenna Ellis becomes latest Trump lawyer to plead guilty over efforts to overturn Georgia’s election

Published Tue, 05 Nov 2024 10:32:45 GMT

ATLANTA (AP) — Jenna Ellis, an attorney and prominent conservative media figure, reached a deal with prosecutors Tuesday and pleaded guilty to reduced charges over efforts to overturn Donald Trump’s 2020 election loss in Georgia.Ellis, the fourth defendant in the case to enter into a plea deal, was a vocal part of Trump’s reelection campaign in the last presidential cycle and was charged alongside the Republican former president and 17 others with violating the state’s anti-racketeering law.Ellis, 38, pleaded guilty to a count of aiding and abetting false statements and writings. She had been facing charges of violating Georgia’s Racketeer Influenced and Corrupt Organizations Act and soliciting the violation of oath by a public officer.The guilty plea from Ellis comes just days after two other defendants, fellow attorneys Sidney Powell and Kenneth Chesebro, entered guilty pleas. That means three high-profile people responsible for pushing baseless legal challeng...