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Coca-Cola announced earnings per share of $0.42 on revenue of $7.15B. Analysts polled by Investing.com anticipated EPS of $0.4 on revenue of $7.21B.
Coca-Cola shares are down 16% from the beginning of the year , still down 23.30% from its 52 week high of $60.13 set on February 21. They are under-performing the S&P 500 which is up 0.65% from the start of the year.
Coca-Cola’s report follows an earnings beat by PepsiCo on July 13, who reported EPS of $1.32 on revenue of $15.95B, compared to forecasts EPS of $1.25 on revenue of $15.37B.
General Mills had beat expectations on July 1 with fourth quarter EPS of $1.1 on revenue of $5.02B, compared to forecast for EPS of $1.06 on revenue of $4.98B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
