Investing.com – Coca-Cola (NYSE:KO) shares were lower as it missed its Q2 revenue estimate.
Coca Cola shares down 1.9% in pre-market trade despite beating profit forecast.
The drinks giant reported Q2 EPS of $0.60 as revenues fell 5.0% to $11.54 billion.
Analysts had forecast EPS of $0.58 on revenue of $11.76 billion.
Coca Cola cut its 2016 organic revenue target to a rise 3% from 4%-5%.
Comparable full-year EPS is now seen down 4% to 7% from $2.00 in 2015.