Investing.com - Coca-Cola (NYSE:KO) Femsa ADR reported on Monday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Coca-Cola Femsa ADR announced earnings per share of Mex$20.16 on revenue of Mex$57.31B. Analysts polled by Investing.com anticipated EPS of Mex$17.17 on revenue of Mex$51.98B.
Coca-Cola Femsa ADR shares are up 2.48% from the beginning of the year and are trading at Mex$56.15 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Coca-Cola Femsa ADR follows other major Consumer Staples sector earnings this month
Coca-Cola Femsa ADR's report follows an earnings beat by Coca-Cola on Tuesday, who reported EPS of Mex$0.7 on revenue of Mex$11.3B, compared to forecasts EPS of Mex$0.6693 on revenue of Mex$10.54B.
PepsiCo had beat expectations on Tuesday, July 12, 2022 with second quarter EPS of Mex$1.86 on revenue of Mex$20.23B, compared to forecast for EPS of Mex$1.74 on revenue of Mex$19.51B.
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