Investing.com - Coca-Cola (NYSE:KO) Femsa ADR reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Coca-Cola Femsa ADR announced earnings per share of Mex$17.13 on revenue of Mex$51.2B. Analysts polled by Investing.com anticipated EPS of Mex$15.63 on revenue of Mex$47.62B.
Coca-Cola Femsa ADR shares are up 0.6% from the beginning of the year and are trading at Mex$55.00 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Coca-Cola Femsa ADR follows other major Consumer Staples sector earnings this month
Coca-Cola Femsa ADR's report follows an earnings beat by Procter&Gamble on April 20, who reported EPS of Mex$1.33 on revenue of Mex$19.38B, compared to forecasts EPS of Mex$1.29 on revenue of Mex$18.71B.
Coca-Cola had beat expectations on Monday with first quarter EPS of Mex$0.64 on revenue of Mex$10.49B, compared to forecast for EPS of Mex$0.5792 on revenue of Mex$9.83B.
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