Investing.com - Coca-Cola (NYSE:KO) European reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Coca-Cola European announced earnings per share of €1.46 on revenue of €8.28B. Analysts polled by Investing.com anticipated EPS of €1.18 on revenue of €4.5B.
Coca-Cola European shares are down 2% from the beginning of the year and are trading at €54.29 , down-from-52-week-high.They are outperforming the Nasdaq which is down 19.03% from the start of the year.
Coca-Cola European follows other major Consumer Staples sector earnings this month
Coca-Cola European's report follows an earnings missed by Procter&Gamble on July 29, who reported EPS of €1.21 on revenue of €19.52B, compared to forecasts EPS of €1.22 on revenue of €19.4B.
Nestle ADR had matched expectations on July 28 with second quarter EPS of €2.18 on revenue of €24.41B, compared to forecast for EPS of €2.18 on revenue of €23.59B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar