Stocks to invest in
Another day, another series of scintillating earnings reports. This time, major companies such as The Coca-Cola Co (NYSE:KO), DISH Network Corp (NASDAQ:DISH), VMware, Inc. (NYSE:VMW), Yahoo! Inc. (NASDAQ:YHOO), and Intel Corporation (NASDAQ:INTC) are among those who have reported their latest quarterly results, either this morning or after the market closed yesterday. Some hit it out of the park while others swung and missed. Let’s take a closer look at each company’s quarterly performance or other news and see how the smart money tracked by Insider Monkey is positioned in each stock.
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Coca Cola Down on Earnings
The Coca-Cola Co (NYSE:KO) is down by 4.6% in morning trading after the company reported mixed quarterly results. Although Coca-Cola’s EPS beat estimates by a penny at $0.45, its revenue was just in-line with expectations at $10.28 billion. Some traders are a little disappointed with Coca-Cola’s organic year-over-year revenue increase of 2% for the quarter, which was lower than PepsiCo, Inc. (NYSE:PEP)’s organic revenue growth of 3.5% for the same period. The two companies had about the same full-year organic growth outlook, of around 4%-to-5%, though Coca-Cola now has some work to do to achieve even the low-end of that. Coca-Cola CEO Muhtar Kent however believes the company’s growth targets will still be reached:
“Amidst a challenging global macro environment, the continued focus on our five strategic initiatives enabled us to gain global value share in the first quarter and deliver positive top-line growth and strong underlying margin expansion. Our operating results are driven by our commitment to sustainable growth, and we are confident that we have the right strategies in place to achieve our full-year outlook and drive long-term value for our system and shareowners.”
Despite the underwhelming results, investors will surely stick with Coca-Cola, which is one of the pillars of Warren Buffett‘s portfolio. His holding company Berkshire Hathaway owned 400 million shares of The Coca-Cola Co (NYSE:KO) at the end of December.
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DISH Reports Solid Results
DISH Network Corp (NASDAQ:DISH) shares are 1.6% in the green after the company reported solid quarterly results. For the first quarter, DISH Network earned $0.84 per share on revenue of $3.79 billion, beating earnings estimates by $0.22 per share despite missing top-line expectations by $10 million. Net pay TV subscribers declined by 23,000 while PAY TV ARPU averaged $87.94, up from last year’s $85.73. Subscriber revenue inched up to $3.78 billion from the previous $3.70 billion. Hedge fund sentiment for DISH Network Corp (NASDAQ:DISH) was stable in the fourth quarter, with the number of elite funds that we track falling by just one quarter-over-quarter to 52 by the end of December.
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On the next page, we examine the earnings results posted by VMware Inc, Yahoo! Inc, and Intel.
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