Coca-Cola European Earnings miss, Revenue beats In Q1
Investing.com - Coca-Cola (NYSE: KO ) European reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Coca-Cola European announced earnings per share of €0.56 on revenue of €3.66B. Analysts polled by Investing.com anticipated EPS of €0.64 on revenue of €3.51B.
Coca-Cola European shares are down 9% from the beginning of the year and are trading at €50.73 , down-from-52-week-high.They are outperforming the Nasdaq which is down 20.16% from the start of the year.
Coca-Cola European follows other major Consumer Staples sector earnings this month
Coca-Cola European's report follows an earnings beat by Procter&Gamble on Wednesday, April 20, 2022, who reported EPS of €1.33 on revenue of €19.38B, compared to forecasts EPS of €1.29 on revenue of €18.71B.
Coca-Cola had beat expectations on Monday with first quarter EPS of €0.64 on revenue of €10.49B, compared to forecast for EPS of €0.5792 on revenue of €9.83B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar
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