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US stocks rise amid profit announcement

2019-04-23 03:43 pm | Resource: News | No Views : 167

 US stocks rise amid profit announcement

Major US stock markets started trading on Tuesday slightly higher after mostly positive earnings reports. Central data on higher home sales

New home sales in the US are up 4.5% in March
 
In a statement released on Wednesday, the US Bureau of Statistics and the Department of Housing and Urban Development said 692,000 new single-family homes were sold in the United States in March, up 3 percent from the same month last year and higher than expected. Tuesday. Agencies said sales improved by 4.5% from the revised figure for February of 662,000.

In March, the average selling price of new homes was $ 302,700, while the selling price was $ 376,000. The seasonally adjusted estimate of new homes for sale was 344,000 at the end of the month, the report said.

Coca-Cola revenues in the first quarter increased by 5% to $ 8.02 billion

In the first quarter of 2019, the US company Coca-Cola announced that its revenue in the first quarter of 2019 amounted to 8.02 billion dollars, an increase of 5% year on year and above market estimates. Organic revenue increased by 6%, including the growth of two points due to timing, "relates primarily to the construction of bottled stock in order to manage uncertainty regarding the exit of Britain from the EU."

The company recorded $ 0.38 per diluted share of continuing operations in the same quarter, while similar earnings per share grew 2% to $ 0.48. Operating margin reached 29.1% compared to 23.7% last year, while cash flow from operations increased by 14% to $ 699 million.

 Wall Street Opens
In terms of currency trading, the euro fell 0.21% to hit 0.86544 dollars at 15:30 CET, while the pound dropped 0.23% to hit 1.29502 dollars at the same time.


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