NEW YORK, NY / ACCESSWIRE / July 27, 2017 / Coca-Cola shares barely closed in the green on Wednesday, despite announcing an earnings beat in its second quarter report. The company also announced it would be changing its Coke Zero beverage. AT&T shares closed higher yesterday with colossal trading volume as the company announced a beat in its earnings report on both the top and bottom line.

RDI Initiates Coverage on:

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

AT&T Inc.
https://ub.rdinvesting.com/news/?ticker=T

The Coca-Cola Company shares closed up 1.11% on Wednesday with roughly 13.6 million shares traded. Earnings were 59 cents per share, adjusted for non-recurring costs, which came in ahead of the 57 cents projected. Revenue at $9.7 billion was a slight miss trailing behind the $9.71 billion that the Street had anticipated. In other news, the world's largest beverage maker also announced that it is revamping Coke Zero to Coke Zero Sugar. There have been no specifications on what is being changed except that the company has changed the "blend of flavors." The revamped drink will have the same artificial sweeteners and is expected to hit the shelves next month. The stock has seen gains of 10% so far this year.

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

AT&T Inc. shares closed up 5% yesterday on staggering volume of nearly 72 million shares. Average volume for the stock is just around 22 million shares. The second biggest carrier in the U.S. reported its second quarter earnings results on Tuesday that beat expectations. Revenue for the quarter was $39.8 billion, which barely beat the $39.79 billion that analysts had waited for. Earnings per share of 79 cents was way ahead of the 73 cents that the Street expected. The company adds 2.8 million wireless net adds compared to just 1.08 million expected. CEO Randall Stephenson commented, "Once again our team delivered expanded consolidated margins and, as a result, grew adjusted earnings per share by nearly 10% as we executed well against our business priorities." The company is still waiting for approval from U.S. regulators to merge with Time Warner.

Access RDI's AT&T Inc. Research Report at:
https://ub.rdinvesting.com/news/?ticker=T

Our Actionable Research on The Coca-Cola Company (NYSE: KO) and AT&T Inc. (NYSE: T) and can be downloaded free of charge at Research Driven Investing.

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