Coca-Cola European Earnings inline, Revenue beats In Q3
Investing.com - Coca-Cola (NYSE: KO ) European reported on Monday third quarter earnings that matched analysts' forecasts and revenue that topped expectations.
Coca-Cola European announced earnings per share of €0.64 on revenue of €3.18B. Analysts polled by Investing.com anticipated EPS of €0.64 on revenue of €2.95B.
Coca-Cola European shares are down 24.96% from the beginning of the year and are trading at €38.18 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
Coca-Cola European shares lost 2.18% in intra-day trade the report.
Coca-Cola European follows other major Consumer/Non-Cyclical sector earnings this month
Coca-Cola European's report follows an earnings beat by Procter&Gamble on Tuesday, October 20, 2020, who reported EPS of €1.63 on revenue of €19.32B, compared to forecasts EPS of €1.42 on revenue of €18.38B.
Coca-Cola had beat expectations on Thursday with third quarter EPS of €0.55 on revenue of €8.7B, compared to forecast for EPS of €0.46 on revenue of €8.36B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar
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