The company released its earnings report yesterday, and the total revenue surpassed the initial expectations. The reported earnings per share reached 0.63 cents, whereas the general forecast was for $ 0.62.
Thus, the reported revenue of the beverage giant for the second quarter reached $10 billion as opposed to the $9.99 billion expected. The share price closed yesterday's trading session at 54.33, which is an all-time record for Coca Cola.
The trading session opened with a huge gap at 53.25 from Monday’s closing price at 51.52 and thus, the stock closed Tuesday’s trading with a total of 6.07 per cent gain.
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