08-05-2019 11:11Coca-Cola, the world's largest producer of soft drinks, posted a corporate earnings report for Q1 2019. The report reads, its net earnings soared 23% in Q1 on a yearly basis totaling $1.678 billion.
During the reporting period, Coca-Cola's diluted earnings per share grew to $0.39, compared to $0.32 a year earlier. Year-on-year, the company's revenues increased by 5 percent to $8.02 billion. This figure topped forecasts as analysts had expected revenues of $7.88 billion.
The global producer of soft drinks predicts revenue growth of 4 percent by the end of this year. Experts also said that net capital expenditure might go up to $2 billion in 2019.
Fanta and Sprite are the most famous brands of Coca-Cola. In general, the corporation has over 500 brands. The staff of the company exceeds 700 thousand employees.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
© InstaFintech Group
-
Grand Choice
Contest by
InstaForexInstaForex always strives to help you
fulfill your biggest dreams.JOIN CONTEST -
Chancy DepositDeposit your account with $3,000 and get $6000 more!
In December we raffle $6000 within the Chancy Deposit campaign!
Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.JOIN CONTEST -
Trade Wise, Win DeviceTop up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.JOIN CONTEST
