Coca Cola Ahead of Earnings

Published on Tuesday, 20 July 2010 10:48 Written by Gerard Lerod

New York, July 20th (TradersHuddle.com) - Shares of Coca Cola Co. (NYSE:KO) are trading higher by +0.64% ahead of its quarterly earnings release. Coca Cola, the owner of one of the most valuable brands in the world is expected to release its quarterly results on July 21^st.

Wall Street Analysts consensus calls for a profit of $1.03 a share on $8.7 billion revenue.

Coca Cola estimates have a range of $0.05 a share. The high estimate calls for profit of $1.05 a share and the low estimate is calling for a profit of $1 a share, a year ago for the quarter the company reported $0.92 a share.

The Coca-Cola Company (NYSE:KO) manufactures, markets, and distributes soft drink concentrates and syrups. The company also distributes and markets juice and juice-drink products. Coca-Cola, which owns one of the most valuables brands in the world, sells its finished beverage products primarily to distributors, and beverage concentrates and syrups to bottling and canning operators. The Coca-Cola Company was founded in 1886 and is based in Atlanta, GA.