ATLANTA (AP) — Coca-Cola Co. (KO) on Tuesday reported first-quarter earnings of $1.68 billion.
The Atlanta-based firm mentioned it had revenue of 39 cents per share. Earnings, adjusted for one-time positive factors and prices, got here to 48 cents per share.
The outcomes exceeded Wall Avenue expectations. The typical estimate of eight analysts surveyed by Zacks Funding Analysis was for earnings of 46 cents per share.
The world’s largest beverage maker posted income of $8.02 billion within the interval, which additionally topped Avenue forecasts. 5 analysts surveyed by Zacks anticipated $7.89 billion.
Coke shares have elevated barely for the reason that starting of the yr, whereas the Customary & Poor’s 500 index has elevated 16 per cent. The inventory has risen 7 per cent within the final 12 months.