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Coca-Cola (NYSE:KO): Q2 EPS of $0.92 beats by $0.03. Revenue of $8.3B (-8.6%) vs. $8.7B. Shares...

Jul. 21, 2009 7:53 AM ETThe Coca-Cola Company (KO) StockKOBy: Rachael Granby, SA News Editor2 Comments
Coca-Cola (NYSE:KO): Q2 EPS of $0.92 beats by $0.03. Revenue of $8.3B (-8.6%) vs. $8.7B. Shares -1% premarket. (PR)

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Comments (2)

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Bill L. profile picture
Archman, that's because Coke doesn't have a loan loss provision you can change and mark as a gain.
I think the earnings report is pretty telling. It really goes to show you how the market is manipulated and how earnings are total BS.

KO's revenue declined by 8.6%, the same if not less than almost all other companies reporting earnings. No real difference there, right?

Yet KO was not able to manipulate their EPS numbers to get that news moving "beat" that would have given the Wall Street investment banks the incentive to drive the stock price higher. Like INTC or IBM, which only reported a good quarter on the surface of their phony EPS "beat the numbers" game, yet whose revenue declined just like everyone else.

This just shows you the phony, lying game that is being played by Wall Street with the help of CNBC and the rest of the colluding industry.

I still stick to what I said months ago, the powers that be are going to run the market back to 1000 or 1100 on the S & P, and then they are going to decide its time to make money on the downside for the next 6 months. At the rate we are going, it is all going to time perfectly with the typical fall swoons the market always experiences.

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