Coca-Cola Tops Earnings Estimates Despite Consumer Weakness. It’s Not Because of Coke.
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Coca-Cola reported second-quarter earnings and revenue that beat Wall Street estimates despite a still-challenged U.S. consumer. Coca-Cola posted second-quarter adjusted earnings of 84 cents a share on revenue of $12.4 billion. Analysts surveyed by FactSet were expecting the soft-drink maker to post earnings of 81 cents a share on revenue of $11.8 billion.