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EARNINGS REPORT: 3COM AND COCA-COLA SHOW STRENGTH
Published September 21, 1995
3Com, the Santa Clara-based computer networking company, reported their first quarter earnings. The company, which recently purchased the naming rights to Candlestick Park, "beat Wall Street estimates with earnings" of $59.4M, up 93% from the year before. Sales jumped 64% to $430.4M (SAN FRANCISCO CHRONICLE, 9/20). COKE IS IT: Coca-Cola announced their worldwide third- quarter volume will grow roughly 7%, "exceeding expectations," according to Chris Roush of the ATLANTA CONSTITUTION. Marty Romm, analyst at CS First Boston: "The numbers were at or a little bit better than what most people were expecting." Stock reached a 52-week high of $69.50 before closing at $69.12 1/2 (ATLANTA CONSTITUTION, 9/21).