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Investing.com - Coca-Cola reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Coca-Cola announced earnings per share of $0.55 on revenue of $8.65B. Analysts polled by Investing.com EPS of $0.46 on revenue of $8.36B.
Coca-Cola 's are down 9% and is trading at $49.99 , still down 16.86% from its 52 week high of $60.13 set on Friday, February 21, 2020.
Coca-Cola follows other major Consumer/Non-Cyclical sector earnings this month
Coca-Cola's report follows an earnings beat by Procter&Gamble on Tuesday, who reported EPS of $1.63 on revenue of $19.32B, EPS of $1.41 on revenue of $18.33B.
PepsiCo had beat expectations on Thursday, October 1, 2020 with third quarter EPS of $1.66 on revenue of $18.09B, for EPS of $1.49 on revenue of $17.21B.
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