© Reuters. Income from Coca-Cola, Beat Q1 revenue
Investment.com – Coca-Cola (NYSE 🙂 reported on Monday for the first quarter, beating analysts’ forecasts and top revenue expectations.
Coca-Cola posted earnings per share of $ 0.55 on revenue of $ 9.00 billion. Analysts polled by Investor.com predict EPS of $ 0.5034 on revenue of $ 8.63 billion.
Shares of Coca-Cola are down 2% year-to-date, still down 2.28% from a 52-week high of $ 54.93 set on December 31, 2020. They are underperforming S&P 500, an increase of 11.43% compared to the beginning of five years.
Coca-Cola follows other major Consumer / Un cyclical earnings this month
The Coca-Cola report follows the earnings beat of PepsiCo on Thursday, who reported EPS of $ 1.21 on revenue of $ 14.82 billion, compared with forecast EPS of $ 1.12. $ 14.55 billion in sales.
Constellation Brands B surpassed expectations on April 8 with fourth-quarter EPS of $ 1.82 on $ 1.95 billion in sales, compared with forecasts for EPS of $ 1.58 on 1 sales, $ 87 billion.
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