Investing.com - Coca-Cola (NYSE:KO) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Coca-Cola announced earnings per share of $0.45 on revenue of $9.5B. Analysts polled by Investing.com anticipated EPS of $0.4104 on revenue of $8.99B.
Coca-Cola shares are up 3% from the beginning of the year, still down 2.06% from its 52 week high of $62.33 set on February 8. They are outperforming the S&P Global 100 which is down 0.64% from the start of the year.
Coca-Cola follows other major Consumer Staples sector earnings this month
Coca-Cola's report follows an earnings beat by Procter&Gamble on January 19, who reported EPS of $1.66 on revenue of $20.95B, compared to forecasts EPS of $1.65 on revenue of $20.33B.
PepsiCo had beat expectations on Thursday with fourth quarter EPS of $1.53 on revenue of $25.25B, compared to forecast for EPS of $1.52 on revenue of $24.21B.
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