Investing.com - Coca-Cola (NYSE:KO) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that was inline with expectations.
Coca-Cola announced earnings per share of $0.47 on revenue of $8.61B. Analysts polled by Investing.com anticipated EPS of $0.4178 on revenue of $8.61B.
Coca-Cola shares are down 9% from the beginning of the year, still down 17.38% from its 52 week high of $60.13 set on February 21, 2020. They are under-performing the S&P Global 100 which is up 4.25% 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 January 20, who reported EPS of $1.64 on revenue of $19.75B, compared to forecasts EPS of $1.51 on revenue of $19.27B.
Philip Morris had beat expectations on February 4 with fourth quarter EPS of $1.26 on revenue of $7.44B, compared to forecast for EPS of $1.21 on revenue of $7.41B.
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