Investing.com - Coca-Cola (NYSE:KO) Femsa ADR reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Coca-Cola Femsa ADR announced earnings per share of Mex$13.59 on revenue of Mex$48.32B. Analysts polled by Investing.com anticipated EPS of Mex$15.93 on revenue of Mex$48.45B.
Coca-Cola Femsa ADR shares are down 14% from the beginning of the year, still down 7.09% from its 52 week high of Mex$59.07 set on August 16. They are under-performing the STOXX 600 which is up 18.89% 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 October 19, who reported EPS of Mex$1.61 on revenue of Mex$20.34B, compared to forecasts EPS of Mex$1.59 on revenue of Mex$19.83B.
Coca-Cola had beat expectations on Wednesday with third quarter EPS of Mex$0.65 on revenue of Mex$10.04B, compared to forecast for EPS of Mex$0.577 on revenue of Mex$9.78B.
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