Investing.com - Coca-Cola (NYSE:KO) reported second quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $0.63 on revenue of $10B. Analysts polled by Investing.com forecast EPS of $0.62 on revenue of $9.79B. That compared to EPS of $0.61 on revenue of $8.9B in the same period a year earlier. The company had reported EPS of $0.48 on revenue of $8.02B in the previous quarter.
For the year, Coca-Cola shares are up 8.17%, under-performing the Dow 30 which is up 17.84% year to date.
Coca-Cola follows other major Consumer/Non-Cyclical sector earnings this month
On July 9, PepsiCo reported second quarter EPS of $1.54 on revenue of $16.45B, compared to forecasts of EPS of $1.5 on revenue of $16.43B.
Philip Morris earnings beat analyst's expectations on Thursday, with second quarter EPS of $1.46 on revenue of $7.7B. Investing.com analysts expected EPS of $1.32 on revenue of $7.38B
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