Coca-Cola's first quarter closed with earnings per share lower than analysts' expectations, at 39 cents - Revenues were good, at 11,04 billion dollars.
The first quarter of Coca-Cola goes on file, which it closes with earnings per share of 39 cents. Disappointed analysts, who expected a profit of 45 cents per share. Revenues, however, came in at $11,04 billion, above the $10,94 billion forecast. The slowdown in Chinese growth weighs on the prospects for the future of the Atlanta giant.
Although the earnings figure was lower than expected, Coca-Cola stock accelerated, gaining more than 2% in pre-market trading.
FIRSTonline is an independent web journal of economics, finance and stock exchange published by AL Iniziative Editoriali Srl with registered office in Rome, founded and controlled by Ernesto Auci e Franco Locatelli and owned by two minority shareholders (Alessandro Pavesi and Laura Rovizzi). The portal and its applications are created in daily life by two agile editorial offices, one in Milan and one in Milan Roma, and by an innovative and effective team of innovation and web managers.
