Investing.com - Coca-Cola (NYSE:KO) Femsa ADR reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Coca-Cola Femsa ADR announced earnings per share of Mex$17.7 on revenue of Mex$51.65B. Analysts polled by Investing.com anticipated EPS of Mex$17.07 on revenue of Mex$51.55B.
Coca-Cola Femsa ADR shares are down 4.03% from the beginning of the year and are trading at Mex$52.58 , down-from-52-week-high.They are under-performing 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 Walmart on February 17, who reported EPS of Mex$1.53 on revenue of Mex$152.87B, compared to forecasts EPS of Mex$1.5 on revenue of Mex$151.72B.
Coca-Cola had beat expectations on February 10 with fourth quarter EPS of Mex$0.45 on revenue of Mex$9.47B, compared to forecast for EPS of Mex$0.4118 on revenue of Mex$8.99B.
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