ATLANTA (AP) – Coca-Cola is reporting second-quarter earnings of $1.37 billion.
The Atlanta company had net income of 32 cents per share. Earnings, adjusted for non-recurring costs, came to 59 cents per share, topping Wall Street expectations by 2 cents, according to a survey by Zacks Investment Research.
The world’s largest beverage maker posted revenue of $9.7 billion in the period, falling short of Street forecasts. Six analysts surveyed by Zacks expected $9.71 billion.
Shares of Coca-Cola Co. have climbed 9 percent since the beginning of the year, while the Standard & Poor’s 500 index has risen 11 percent.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KO at https://www.zacks.com/ap/KO
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Keywords: Coca-Cola, Earnings Report, Priority Earnings