Coca-Cola Raises Outlook; PayPal Higher; Hilton Reports
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Coca-Cola (KO) shares are moving after it raised its full-year outlook, bolstered by demand last quarter while it served as a major sponsor of the FIFA World Cup.
- PayPal (PYPL) shares are higher after it reported second-quarter earnings and revenue that topped Wall Street consensus estimates, and raised full-year adjusted profit guidance. CEO Enrique Lores commented on takeover speculation, saying the company remains open to evaluating opportunities, but its focus is on executing its strategic plan.
- Hilton (HLT) shares are responding to the company reporting adjusted earnings per share of $2.29 for the three months through June, beating expectations of $2.27.
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