“Coca-Cola earnings top estimates, despite 9% decline in revenue”
October 22, 2020
“Coca-Cola on Thursday reported that its third-quarter revenue fell 9% as the coronavirus pandemic weighed on demand for fountain soft drinks, Powerade and Dasani. But the company topped earnings estimates, sending shares up 3% in premarket trading.
Here’s what the company reported for the quarter ended Sept. 25 compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:
- Earnings per share: 55 cents, adjusted, vs. 46 cents expected
- Revenue: $8.65 billion vs. $8.36 billion expected
Coke reported third-quarter net income of $1.74 billion, or 40 cents per share, down from $2.59 billion, or 60 cents per share, a year earlier…”
https://www.cnbc.com/2020/10/21/coca-cola-ko-earnings-q3-2020.html