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Coca-Cola announced earnings per share of $0.51 on revenue of $8.6B. Analysts polled by Investing.com anticipated EPS of $0.44 on revenue of $8.37B. That with comparison to EPS of $0.48 on revenue of $8.02B in the same period a year before. Coca-Cola had reported EPS of $0.44 on revenue of $9.09B in the previous quarter. Analysts are expecting EPS of $0.56 and revenue of $9.24B in the upcoming quarter.
Coca-Cola shares are down 15% from the beginning of the year , still down 22.62% from its 52 week high of $60.13 set on February 21. They are under-performing the S&P 500 which is down 12.99% year to date.
Coca-Cola’s report follows an earnings beat by Procter&Gamble on Friday, who reported EPS of $1.17 on revenue of $17.21B, compared to forecasts EPS of $1.13 on revenue of $17.31B.
Constellation Brands B had beat expectations on April 7 with fourth quarter EPS of $2.06 on revenue of $1.9B, compared to forecast for EPS of $1.64 on revenue of $1.84B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
