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Banking, Stocks

“Coca-Cola earnings fall 33%, but company sees improving demand…”

“Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

  • Earnings per share: 42 cents, adjusted, vs. 40 cents expected
  • Revenue: $7.2 billion vs. $7.2 billion expected

Coke reported fiscal second-quarter net income of $1.78 billion, or 41 cents per share, down from $2.61 billion, or 61 cents per share, a year earlier.

Excluding items, the beverage giant earned 42 cents per share, topping the 40 cents expected by analysts surveyed by Refinitiv…”

https://www.cnbc.com/2020/07/21/coca-cola-ko-earnings-q2-2020.html

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