Coca-Cola Earnings, Income Beat in Q1

© Reuters. Coca-Cola Earnings, Revenue Beat in Q1 – Coca-Cola (NYSE:) reported on Monday first quarter that beat analysts’ forecasts and revenue that topped expectations.

Coca-Cola announced earnings per share of $0.64 on revenue of $10.5B. Analysts polled by anticipated EPS of $0.5792 on revenue of $9.83B.

Coca-Cola shares are up 10% from the beginning of the year, still down 2.61% from its 52 week high of $67.00 set on April 21. They are outperforming the S&P Global 100 which is down 7.96% 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 Wednesday, who reported EPS of $1.33 on revenue of $19.38B, compared to forecasts EPS of $1.29 on revenue of $18.71B.

Costco had beat expectations on March 3 with second quarter EPS of $2.92 on revenue of $51.9B, compared to forecast for EPS of $2.76 on revenue of $51.53B.

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