NEW YORK, NY / ACCESSWIRE / April 25, 2018 / Shares of both Amazon and Coca-Cola saw their shares hit red territory in Tuesday trading. Beating on both the top and bottom line didn't help Coca-Cola shares while Amazon announcing an exciting partnership with GM and Volvo for car deliveries didn't impress traders.

RDI Initiates Coverage on:

Amazon.com, Inc.
https://rdinvesting.com/news/?ticker=AMZN

The Coca-Cola Company
https://rdinvesting.com/news/?ticker=KO

Amazon.com, Inc. shares closed down 3.81% on almost 7 million shares traded on Tuesday. The e-commerce giant announced yesterday that it is partnering with General Motors as well as Volvo Cars to bring deliveries to customers' cars. Owners of vehicles that have certain connectivity options will be able to receive their packages delivered to their cars in dozens of cities across the U.S. Amazon will be offering the service to Amazon Prime subscribers in 37 cities in the U.S. who own a 2015 or newer GM or Volvo vehicle. Prime members who have the service Volvo On Call or OnStar can download the Amazon Key cellphone app and link their Amazon account to their Volvo or GM account. Users then tell the app where their car is and choose "in-car" delivery at checkout. The company said that it expects to add more makes and models as time goes by.

Access RDI's Amazon.com, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=AMZN

The Coca-Cola Company shares closed down a little over 2% on Tuesday with about 18.5 million shares traded. The drop was despite the beverage giant reporting first quarter results that revealed revenue topping analyst's expectations by roughly $300 million. Net profit was also a beat, coming ahead 1 penny higher than analysts had expected. Net profit of 32 cents per share was higher than the 27 cents from the year ago period. Excluding items the company earned 47 cents a share, higher than the 46 cents analysts had called for. Net revenue at $7.63 billion was ahead of the $7.34 billion that analysts expected. Coca-Cola introduced four new flavors of Diet Coke in February and redesigned the drink's 35-year old logo. According to CEO James Quincey, the launch of the new flavors was able to bring back people who stopped drinking Diet Coke, as well as attract new drinkers. Quincey remarked, "We're encouraged with our first quarter performance...We have the right strategies in place and remain confident in our ability to achieve our full year guidance."

Access RDI's The Coca-Cola Company Research Report at:
https://rdinvesting.com/news/?ticker=KO

Our Actionable Research on Amazon.com, Inc. (NASDAQ: AMZN) and The Coca-Cola Company (NYSE: KO) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com