The Coca-Cola Company Drops after U.S. Soda Sales Falls for Ninth Straight Year and Zynga Earnings to Be Revealed April 23rd
The Coca-Cola Company (NYSE: KO) shares fell on Monday after news revealed that U.S. soda sales fell for the ninth straight year. According to Beverage Digest, total sales volumes fell 3%to 8.9 billion cases in 2013, the lowest since 1995. Soda sales have declined every year since 2005. "The beverage industry is getting more and more challenging in the U.S. The obesity and health and wellness headwinds are not letting up," Beverage Digest Editor John Sicher said. Sicher added that diet soda sales were impacted bu worries about the healthfulness of artificial sweeteners in the beverages.
The Coca-Cola Company, a beverage company, manufactures, markets, and sells nonalcoholic beverages worldwide. The company primarily offers sparkling beverages and still beverages. Its sparkling beverages include nonalcoholic ready-to-drink beverages with carbonation, such as carbonated energy drinks, and carbonated waters and flavored waters.
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Zynga, Inc. (NASDAQ: ZNGA) is going to hold a conference call to discuss financial results for its first quarter on Wednesday, April 23, 2014, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). This will be following the release of its financial results after the close of market.
Zynga Inc. is a leading developer of the world's most popular social games that are played by more than 100 million monthly consumers. The company has created evergreen franchises such as FarmVille, Zynga Casino and Words With Friends. Zynga's NaturalMotion, an Oxford-based mobile game and technology developer, is the creator of hit mobile games in popular entertainment categories, including CSR Racing, CSR Classics and Clumsy Ninja. Zynga games have been played by more than 1 billion people around the world and are available on a number of global platforms including Apple iOS, Google Android, Facebook and Zynga.com.
Get more information on Zynga, Inc. and free access to the in depth equity report at: www.TrendingWallStreet.com/stockquote/ZNGA
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