TRU - Nasdaq Gains 100 Points; Coca-Cola Earnings Top Expectations | Benzinga
U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining over 200 points on Tuesday.
The Dow traded up 0.67% to 33,155.68 while the NASDAQ rose 0.78% to 13,120.31. The S&P 500 also rose, gaining, 0.72% to 4,247.52.
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Leading and Lagging Sectors
Utilities shares rose by 2.6% on Tuesday.
In trading on Tuesday, energy shares fell by 1%.
Top Headline
The Coca-Cola Company (NYSE: KO) reported better-than-expected third-quarter financial results and raised full-year guidance.
Coca-Cola reported third-quarter FY23 sales growth of 8% year-on-year to $11.95 billion, beating the analyst consensus estimate of $11.44 billion. Adjusted EPS of $0.74 beat the analyst consensus estimate of $0.69.
Coca-Cola raises FY23 organic revenue growth outlook from 8% - 9% to 10% - 11%. The company sees comparable currency neutral EPS growth of 13%-14% (prior 9%-11%).
Equities Trading UP
InMed Pharmaceuticals Inc. (NASDAQ: INM) shares shot up 141% to $1.3999 after the company announced it selected a lead Alzheimer's drug candidate following proof-of-concept study data.
Shares of Agilysys, Inc. (NASDAQ: AGYS) got a boost, shooting ...