Coca-Cola on Tuesday raised its full-year outlook as global demand for its drinks rose in the second quarter.
Shares of the company rose more than 1% in premarket trading.
Here’s what the company reported versus what Wall Street was expecting, based on a survey of analysts by LSEG:
Adjusted earnings per share: 84 cents, may not compare with 81 cents expected
Revenue: $12.36 billion, may not compare with $11.76 billion expected
Coke reported second-quarter net income attributable to shareowners of $2.41 billion, or 56 cents per share, down from $2.55 billion, or 59 cents per share, a year earlier.
Excluding items, the beverage giant earned 84 cents per share.
Net sales rose 3% to $12.36 billion.
Source: https://www.cnbc.com/2024/07/23/coca-cola-ko-q2-2024-earnings.html
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