Investing.com - Coca-Cola (NYSE:KO) Femsa ADR reported on Monday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Coca-Cola Femsa ADR announced earnings per share of Mex$14.1 on revenue of Mex$45.54B. Analysts polled by Investing.com anticipated EPS of Mex$13.82 on revenue of Mex$44.83B.
Coca-Cola Femsa ADR shares are up 14% from the beginning of the year, still down 2.14% from its 52 week high of Mex$50.37 set on April 23. They are outperforming the S&P 500 which is up 11.37% from the start of the year.
Coca-Cola Femsa ADR follows other major Consumer/Non-Cyclical sector earnings this month
Coca-Cola Femsa ADR's report follows an earnings beat by Procter&Gamble on April 20, who reported EPS of Mex$1.26 on revenue of Mex$18.11B, compared to forecasts EPS of Mex$1.19 on revenue of Mex$17.96B.
Coca-Cola had beat expectations on April 19 with first quarter EPS of Mex$0.55 on revenue of Mex$9B, compared to forecast for EPS of Mex$0.5039 on revenue of Mex$8.68B.
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