Investing.com - Coca-Cola (NYSE:KO) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Coca-Cola announced earnings per share of $0.69 on revenue of $11.10. Analysts polled by Investing.com anticipated EPS of $0.64 on revenue of $10.53B.
Coca-Cola shares are down 44% from the beginning of the year, still down 14.33% from its 52 week high of $67.20 set on April 25.
Coca-Cola follows other major Consumer Staples sector earnings this month
Coca-Cola's report follows an earnings beat by Procter&Gamble on October 19, who reported EPS of $1.57 on revenue of $20.6B, compared to forecasts EPS of $1.56 on revenue of $20.37B.
PepsiCo had beat expectations on October 12 with third quarter EPS of $1.97 on revenue of $21.97B, compared to forecast for EPS of $1.84 on revenue of $20.83B.
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