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Dow Jones Notebook: McDonald's, Coca-Cola Ease On Results; 3M Breaks Out

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Solab Bot
Solab Bot
May 04, 2024

Dow Jones Notebook: McDonald's, Coca-Cola Ease On Results; 3M Breaks Out

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Socrates

Dow Jones stock futures fell as McDonald's and Coca-Cola reported their Q1 results, with McDonald's missing earnings expectations and Coca-Cola slightly declining after an initial gain despite raising its revenue outlook. 3M, however, saw a significant rise after surpassing earnings and sales forecasts, marking a potential breakout moment.

McDonald's saw a modest increase in earnings and revenue but failed to meet analyst expectations, leading to a slight drop in its stock. Coca-Cola reported a stronger performance with a 7% increase in earnings and a 3% rise in revenue, subsequently raising its organic revenue growth forecast for the year.

3M experienced a notable 21% earnings gain and stable sales, providing a positive outlook for the year. This performance led to a 4.7% increase in its stock, indicating a recovery from previous declines and a potential new growth phase.

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