Goldman Sachs' Take On Coca Cola Earnings (KO)

Coca Cola KO reported 2Q EPS of $1.06 this morning, beating consensus of $1.03. Goldman Sachs said, "We have a positive fundamental takeaway as results were better than expectations across most regions broadly. First, the key highlight of the report is healthy 5% bottler case sale growth which is ahead of our and consensus estimate of +4% and marks 200 bp sequential improvement from 1Q2010." Goldman Sachs expects KO shares to be up moderately on better earnings and volume growth. Goldman Sachs is Not Rated on Coca Cola shares. Shares of KO are up $0.26 to $53.50.