The Coca-Cola Company Reports Continued Strong Results in Second Quarter 2018
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Coca-Cola (KO) PT Raised to $47 at Cowen
July 25, 2018 4:00 PM EDTCowen raised its price target on Coca-Cola (NYSE: KO) to $47.00 (from $44.00) while maintaining a Market Perform rating.
Analyst Vivien Azer noted KO delivered a solid 5% top line growth driven by healthy gains internationally, despite timing factors weighing on revenue growth in North America.
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Coca Cola (KO) Tops Q2 EPS by 1c
July 25, 2018 6:56 AM EDTCoca Cola (NYSE: KO) reported Q2 EPS of $0.61, $0.01 better than the analyst estimate of $0.60. Revenue for the quarter came in at $8.9 billion versus the consensus estimate of $8.54 billion.
Outlook
The 2018 outlook information provided below includes forward-looking non-GAAP financial measures, which management uses in measuring performance. The company is not able to reconcile full year 2018 projected organic revenues (non-GAAP) to full year 2018 projected reported net revenues, full year 2018 projected comparable currency neutral operating income (adjusted for structural items and accounting changes) (non-GAAP) to full year 2018 projected reported operating income, or full year 2018 projected comparable EPS... More
