Company News: Coca-Cola (KO) quarterly results beat analysts’ expectations

Market news

21 July 2021

Company News: Coca-Cola (KO) quarterly results beat analysts’ expectations

Coca-Cola (KO) reported Q2 FY 2021 earnings of $0.68 per share (versus $0.42 per share in Q2 FY 2020), beating analysts’ consensus estimate of $0.56 per share.

The company’s quarterly revenues amounted to $10.100 bln (+40.3% y/y), beating analysts’ consensus estimate of $9.300 bln.

The company also issued upside guidance for FY 2021, projecting EPS of +13-15% y/y to $2.20-2.24 versus analysts’ consensus estimate of $2.18.

KO rose to $56.92 (+1.95%) in pre-market trading.

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