The Coca-Cola Company's (NYSE:KO) net income fell in the second quarter.
Earnings and Revenue The company experienced stronger-than-expected EPS and revenues. The company reported EPS of $1.21 a share versus the $1.19 a share estimate and revenues of $13.09 billion versus the $12.98 billion estimate. The estimates of 12 analysts ranged from profit of $1.16 to profit of $1.21.
The company's income has remained about on par with last year's levels. Revenue climbed 2.8% from $12.74 billion in the same period last year.
Company Fundamental Trends The company's revenue has grown during at least each of the past four quarters on a year-over-year basis.
History Against Expectations The company has now topped analyst estimates for at least the last four quarters. It beat by one cent in the first quarter, 2 cents in the fourth quarter of the last fiscal year and 2 cents in the third quarter of the last fiscal year.
Estimates provided by Zacks Investment Research and company fundamentals from Xignite Financials.