Coca-Cola Beats Expectations With Solid Earnings

5 days ago

Nathan Hager

"And we have earnings just crossing the Bloomberg terminal from CocaCola. It looks like um beats all around just from my cursory glance. Well, a pretty solid reaction in the share price. Coca-Cola shares are up 1 and a4%. Comparable thirdarter EPS came in at 82 cents which was a beat versus estimates around 78. The market is looking for an update on its uh international sales. I don't see those dropping yet. There is a focus on the international sales from Coca-Cola. We've seen continued weakness in that market which has put pressure on results. Wall Street is also looking for color on FX headwinds off the back of this, but it does look like it's pretty positive and those shares are popping even higher up 1.6%."

Nathan discusses Coca-Cola's earnings beat with EPS surpassing expectations and a positive share price reaction. Despite ongoing concerns over international sales and FX headwinds, the overall market sentiment remains favorable.

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