Investing.com - Coca-Cola (NYSE:KO) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Coca-Cola announced earnings per share of $0.55 on revenue of $8.65B. Analysts polled by Investing.com anticipated EPS of $0.46 on revenue of $8.36B.
Coca-Cola shares are down 9% from the beginning of the year and are trading at $49.99 , down-from-52-week-high.They are under-performing the S&P Global (NYSE:SPGI) 100 which is up 5.31% from the start of the year.
Coca-Cola follows other major Consumer/Non-Cyclical sector earnings this month
Coca-Cola's report follows an earnings beat by Procter&Gamble on Tuesday, who reported EPS of $1.63 on revenue of $19.32B, compared to forecasts EPS of $1.41 on revenue of $18.33B.
PepsiCo had beat expectations on Thursday, October 1, 2020 with third quarter EPS of $1.66 on revenue of $18.09B, compared to forecast for EPS of $1.49 on revenue of $17.21B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar