Coca-Cola reported on Thursday fourth quarter earnings that matched analysts' forecasts and revenue that topped expectations.
Coca-Cola announced earnings per share of $0.44 on revenue of $9.07B. Analysts polled by anticipated EPS of $0.44 on revenue of $8.85B. That with comparison to EPS of $0.43 on revenue of $7.1B in the same period a year before. Coca-Cola had reported EPS of $0.56 on revenue of $9.5B in the previous quarter. Analysts are expecting EPS of $0.51 and revenue of $9.1B in the upcoming quarter.
Coca-Cola shares are up 3% from the beginning of the year and are trading at $57.01 , still down 1.45% from its 52 week high of $57.85 set on January 24. They are outperforming the S&P 500 which is up 0.87% year to date.
Coca-Cola follows other major Consumer/Non-Cyclical sector earnings this month
Coca-Cola's report follows an earnings beat by Procter&Gamble on January 23, who reported EPS of $1.42 on revenue of $18.24B, compared to forecasts EPS of $1.21 on revenue of $17,147M.
Mondelez had beat expectations on Wednesday with fourth quarter EPS of $0.61 on revenue of $6.91B, compared to forecast for EPS of $0.6 on revenue of $6.84B.
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