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Coca-Cola’s Earnings and Revenue Beat Expectations in Q2

Adel 21 July, 2021 3:34 pm Market Update

The Coca-Cola Company’s second-quarter earnings report released on Wednesday indicated that it beat analysts’ expectations; the company posted revenue that also beat expectations.

Earnings per share were $0.68, while revenue was $10.1B.

During the year, Coca-Cola shares traded 1% higher, underperforming the Dow Jones Industrial Average, which is up 12.76% this year.

The Coca-Cola Company (NYSE: KO) stock is tracking consumer/other non-cyclical earnings this month.

On the 13th, PepsiCo announced second-quarter earnings per share of $1.72 on earnings of $19.22B, compared to expected earnings per share of $1.53, with earnings of $17.96B.

Philip Morris International’s earnings exceeded analysts’ expectations on Tuesday during the second quarter with quarterly earnings per share of $1.57 and revenue of $7.84B.

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