The company producing the most popular soft drink in the world reported EPS of 0.48 cents, which beat the initial forecasts for 0.46 cents per share and also surpassed the performance of the company for the same period of last year when the EPS was reported to stand at 0.47. Furthermore, Coca-Cola also reported higher net income, measuring a total of $ 1.70 billion, which compared to the performance for Q1 of 2018 measures a total increase in the company's profit with $ 0.30 billion.
Because of this robust data, Coca-Cola's share price jumped with 1.71% in yesterday's trading session, eventually closing at 48.21 dollars. The market initially opened with a gap from the previous trading session's close at 47.40, following the better-than-expected numbers, only to find resistance on the significant level at 48.70 and then bounced off from it.
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