Investing.com - Coca-Cola (NYSE:KO) reported first quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $0.48 on revenue of $8.02B. Analysts polled by Investing.com forecast EPS of $0.46 on revenue of $7.89B. That compared to EPS of $0.47 on revenue of $7.62B in the same period a year earlier. The company had reported EPS of $0.43 on revenue of $7.1B in the previous quarter.
For the year, Coca-Cola shares are up 0.11%, under-performing the S&P Global (NYSE:SPGI) 100 which is up 14.75% year to date.
Coca-Cola follows other major Consumer/Non-Cyclical sector earnings this month
On Wednesday, April 17, 2019, PepsiCo reported first quarter EPS of $0.97 on revenue of $12.88B, compared to forecasts of EPS of $0.92 on revenue of $12.66B.
Philip Morris earnings beat analyst's expectations on Thursday, with first quarter EPS of $1.09 on revenue of $6.75B. Investing.com analysts expected EPS of $0.98 on revenue of $6.74B
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