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Coca-Cola's Second-Quarter Earnings Top Projections

Posted Jul 22nd 2010 10:00AM by Steven Mallas (RSS feed)
Filed under: Earnings Reports, Coca-Cola (KO), PepsiCo (PEP)

Coca-Cola (KO), the main rival to PepsiCo (PEP), closed higher by nearly 1.6% while the Dow received a beating. Shares of the beverage giant settled at $54.08. The market gave its approval to the company's latest earnings report.

I have Coke in my portfolio as a long-term holding, and I was pretty satisfied with the numbers. What I want from a quarterly report is an indication that the business continues to remain on a stable track to deliver quality future cash flows (I'm not expecting anything too exciting, for the most part). I believe investors essentially got that on Wednesday.

Continue reading Coca-Cola's Second-Quarter Earnings Top Projections

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Last updated: May 28, 2012: 04:37 AM

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