Coca-Cola reported comparable earnings of 60 cents per share, beating analysts estimates by a penny. Revenue fell 5% year-over-year to $11.54 billion, missing analysts expectations of $11.64 billion.
The company reported earnings of 63 cents per share on revenue of $12.15 billion for the 2015 second quarter.
Coca-Cola cut its 2016 organic revenue growth to 3%, citing strong international headwinds. It also projected comparable earnings to decrease 4% to 7%.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:
We rate COCA-COLA CO as a Buy with a ratings score of A-. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its notable return on equity, solid stock price performance and expanding profit margins. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
You can view the full analysis from the report here: KO