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Revenue Forecasts

All articles tagged with #revenue forecasts

finance1 year ago

Rivian Stock: Analysts Trim Sales Forecasts as 2024 Looms

Analysts have downgraded their revenue forecasts for Rivian Automotive, Inc. (NASDAQ:RIVN), with a consensus view predicting slower revenue growth and increased losses per share. The consensus price target also fell, reflecting concerns about the company's weaker revenue and earnings outlook. While the long-term trajectory of the company's earnings remains important, the drastic downgrade to this year's forecasts suggests a more cautious outlook for Rivian Automotive.

via Simply Wall St|
#analysts#finance#revenue-forecasts
business2 years ago

Coca-Cola's Strong Demand Defies Price Hikes, Boosts Annual Forecasts

Coca-Cola has raised its annual revenue and profit forecasts after reporting strong quarterly results driven by higher pricing. Despite consumers cutting back on non-essential spending, demand for Coca-Cola's sodas remained resilient, with little resistance to the multiple price hikes undertaken to offset rising costs. The company's average selling prices rose 10% in the second quarter, while volumes in North America declined 1%, indicating minimal impact on demand. Coca-Cola now expects organic revenue growth of 8% to 9% for the full year and forecasts higher core earnings per share.

via Reuters|
#business#coca-cola#consumer-spending
business2 years ago

Coca-Cola's Strong Demand Defies Price Hikes, Boosts Annual Forecasts

Coca-Cola has raised its annual revenue and profit forecasts after reporting strong quarterly results, driven by higher pricing. Despite price hikes, demand for Coca-Cola's sodas remains resilient, with consumers showing little resistance to the increased prices. The company's average selling prices rose 10% in the second quarter, while volumes in North America declined slightly. Coca-Cola now expects organic revenue growth of 8% to 9% for the full year and forecasts higher core earnings per share.

via Yahoo Finance|
#business#coca-cola#consumer-spending