Company News: Coca-Cola (KO) quarterly earnings beat analysts’ forecast

Market news

21 July 2020

Company News: Coca-Cola (KO) quarterly earnings beat analysts’ forecast

Coca-Cola (KO) reported Q2 FY 2020 earnings of $0.42 per share (versus $0.63 per share in Q2 FY 2019), beating analysts’ consensus estimate of $0.41 per share.

The company’s quarterly revenues amounted to $7.200 bln (-28.0% y/y), generally in line with analysts’ consensus estimate of $7.256 bln.

KO rose to $46.96 (+1.82%) in pre-market trading.

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