Investing.com - Coca-Cola (NYSE:KO) European reported on Tuesday first quarter earnings that matched analysts' forecasts and revenue that topped expectations.
Coca-Cola European announced earnings per share of €0.16 on revenue of €3.09B. Analysts polled by Investing.com anticipated EPS of €0.16 on revenue of €2.78B.
Coca-Cola European shares are up 13.25% from the beginning of the year, still down 1.98% from its 52 week high of €57.57 set on May 10. They are outperforming the EUR/USD which is down 0% from the start of the year.
Coca-Cola European follows other major Consumer/Non-Cyclical sector earnings this month
Coca-Cola European's report follows an earnings beat by Procter&Gamble on April 20, who reported EPS of €1.26 on revenue of €18.11B, compared to forecasts EPS of €1.19 on revenue of €17.96B.
Coca-Cola had beat expectations on April 19 with first quarter EPS of €0.55 on revenue of €9B, compared to forecast for EPS of €0.5039 on revenue of €8.68B.
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