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CocaCola sales down 30

Soft drinks giant CocaCola was one of the highlights of Tuesdays earnings reports. The firm reported that revenue was down 28 in Q2 versus the same period last year, with profits off by more than 30, but investors were buoyed by the fact chief executive James Quincy said he expects the second quarter to be the most difficult of the year. CocaCola stock climbed 2.3 following the earnings report, in which Quincy also noted that the company has seen encouraging signs of increased consumption in China, which is the country furthest into its economic reopening.