Tuesday, July 21, 2020

Coca-Cola Q2 Adj. EPS Top Estimates, But Revenues Miss

Beverages giant Coca-Cola Co. reported Tuesday a 32 percent decline in profit for the second quarter from last year, reflecting a double-digit revenue decline across its operating markets. However, adjusted earnings per share for the quarter beat analysts' estimates, but quarterly revenues miss them. Shares of Coca-Cola are advancing more than 1 percent in pre-market trading.

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