Coke, Hornets Renew Long-Term Deal UM, Coca-Cola Ticket Promotion Pulled Coke Leery Of Pepsi Ads Near Daytona Brands Active Around World Cup Despite Protests Coke Goes Big With World Cup Campaign PNC Park Switching From Pepsi To Coca-Cola Tony Stewart Promotes Coke Zero 400 Coca-Cola Signs Four Olympians For Sochi Entertainers Helping Sports Sponsorship Awareness Coke, AT&T To Sponsor "Conan" Shows In ATL
SBD/21/Sponsorships Advertising Marketing
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).