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- Coca-Cola tops estimates in the second quarter – the stock gains
- Home
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- Coca-Cola tops estimates in the second quarter – the stock gains
- 1 Month +1.49%
- 3 Month -2.83%
- Year-to-date +6.76%
- 1 Year +10.39%
- JP Morgan $70
- Citigroup $60
- Credit Suisse $63
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- Guggenheim $71
- Deutsche Bank $64
- Cowen & Co. $68
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News & AnalysisNews & AnalysisCoca-Cola tops estimates in the second quarter – the stock gains
27 July 2022 By Klavs ValtersThe Coca-Cola Company (KO) reported its latest financial results for the second quarter before the opening bell in the US on Tuesday, beating Wall Street expectations for the quarter.
World’s largest beverage producer reported revenue of $11.325 billion (up by 12% year-over- year) vs. $10.565 billion expected.
Earnings per share reported at $0.70 per share (up 4% year-over-year) vs. $0.67 per share estimate.
”Our results this quarter reflect the agility of our business, the strength of our streamlined portfolio of brands, and the actions we’ve taken to execute for growth in the face of challenges in the operating and macroeconomic environment,” said James Quincey, Chairman and CEO of Coca-Cola in press release.
”We are staying true to our purpose, executing on our strategy and delivering value for our stakeholders,” Quincey concluded.
The Coca-Cola Company (KO) chart
The stock price gained by 1.64% on Tuesday, trading at $63.18 per share.
Here is how the stock has performed in the past year:
Coca-Cole price targets
The Coca-Cola Company is the 29th largest company in the world with a market cap of $274.01 billion.
You can trade The Coca-Cola Company (KO) and many other stocks from the NYSE, NASDAQ, HKEX and the ASX with GO Markets as a Share CFD.
Sources: The Coca-Cola Company, TradingView, MetaTrader 5, Benzinga, CompaniesMarketCap
Disclaimer: Articles are from GO Markets analysts and contributors and are based on their independent analysis or personal experiences. Views, opinions or trading styles expressed are their own, and should not be taken as either representative of or shared by GO Markets. Advice, if any, is of a ‘general’ nature and not based on your personal objectives, financial situation or needs. Consider how appropriate the advice, if any, is to your objectives, financial situation and needs, before acting on the advice. If the advice relates to acquiring a particular financial product, you should obtain and consider the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) for that product before making any decisions.
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