Arab Canada News
News
By م.زهير الشاعر
Published: July 27, 2022
The Coca-Cola Company announced on Tuesday the earnings list for the second quarter of this year, which came positive and exceeded market expectations in conjunction with the recovery of the company's sales volume amid the return of economies to normal after the easing of Corona restrictions in many countries.
The financial statements of The Coca-Cola Company indicated that the adjusted earnings per share reached 70 cents, while it was expected to record only 67 cents. Also, the company's revenues reached about 11.3 billion dollars, while it was expected that The Coca-Cola Company would record revenues of about 10.56 billion dollars.
Concurrently with the issuance of the company's financial statements, The Coca-Cola Company KO stock rose on the U.S. stock exchange by 2.44% and recorded around 63.71 dollars, benefiting from the positive earnings data for the second quarter of this year, and thus the stock may enhance its profitability as trading continues.
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