Coca-Cola Earnings, Revenue Beat in Q2
2022.07.26 14:46
Coca-Cola Earnings, Revenue Beat in Q2
Investing.com – Coca-Cola (NYSE:KO) reported on Tuesday second quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
Coca-Cola announced earnings per share of $0.7 on revenue of $11.3B. Analysts polled by Investing.com anticipated EPS of $0.6693 on revenue of $10.54B.
Coca-Cola shares are up 5% from the beginning of the year, still down 7.46% from its 52 week high of $67.20 set on April 25. They are outperforming the Dow Jones which is down 11.97% from the start of the year.
Coca-Cola follows other major Consumer Staples sector earnings this month
Coca-Cola’s report follows an earnings beat by PepsiCo on July 12, who reported EPS of $1.86 on revenue of $20.23B, compared to forecasts EPS of $1.74 on revenue of $19.51B.
Philip Morris had beat expectations on Thursday with second quarter EPS of $1.48 on revenue of $7.83B, compared to forecast for EPS of $1.25 on revenue of $6.71B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
