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Coca-Cola second-quarter revenue and earnings are over expected



Linkshop News: according to the US beverage giant Coca-Cola Company announced the second quarter earnings, both earnings and revenue are more than expected. The company’s net profit attributable to shareholders in the second quarter ended June 30 fell to $ 1.37 billion, or $ 0.32 a share, compared with $ 3.45 billion and $ 0.79 billion in the year-ago period.


But since the strong dollar and the $653 million produced by North American bottling business re-authorized, quarterly profit fell 60.2%. Revenue also fell from $ 11.54 billion in the same period last year to $ 9.7 billion for the ninth consecutive quarter.


Coca-Cola currently expects full-year earnings per share will remain between 2% and lower, while earnings per share for the year are expected to fall between 1% and 3%. Last year, Coca-Cola’s earnings per share were $ 1.91.


Coca-Cola’s share price has risen 9.1% since the beginning of the year, while the S & P 500 has risen 10.6%.

Post time: Jul-29-2017


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