Coca-Cola’s stock up 1.9% premarket after company tops Q2 earnings estimates and raises guidance

Coca-Cola Co.’s stock KO rose 1.9% premarket Wednesday, after the drinks and snacks giant beat second-quarter earnings estimates and raised its guidance. The company had net income of $2.547 billion, or 59 cents a share, in the quarter, up from $1.905 billion, or 44 cents a share, in the year-earlier period. Adjusted per-share earnings came to 78 cents, ahead of the 72 cent FactSet consensus. Revenue rose 6% to $11.972 billion from $11.325 billion, also ahead of the $11.

9% premarket Wednesday, after the drinks and snacks giant beat second-quarter earnings estimates and raised its guidance. The company had net income of $2.547 billion, or 59 cents a share, in the quarter, up from $1.905 billion, or 44 cents a share, in the year-earlier period. Adjusted per-share earnings came to 78 cents, ahead of the 72 cent FactSet consensus. Revenue rose 6% to $11.972 billion from $11.325 billion, also ahead of the $11.742 billion FactSet consensus.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Coca-Cola is about to report earnings. Here's what to expectCoke has been raising prices across its portfolio, including another round of hikes during the first quarter.
Source: CNBC - 🏆 12. / 72 Read more »