Investing.com - Coca-Cola (NYSE:KO) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
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 and are trading at $46.12 , down-from-52-week-high.They are under-performing the S&P 500 which is up 0.65% from the start of the year.
Coca-Cola follows other major Consumer/Non-Cyclical sector earnings this month
Coca-Cola's report follows an earnings beat by PepsiCo on Monday, July 13, 2020, 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 Wednesday, July 1, 2020 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.
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