Coca-Cola tops earnings estimates, hikes revenue outlook on higher prices

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Shares of Coke have fallen 3.5% over the last year, dragging the company's market value down to $267 billion.

on Tuesday reported quarterly earnings and revenue that beat analysts' expectations.Shares of the company rose less than 1% in premarket trading.

Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Revenue: $11.30 billion vs. $11.01 billion expected Coke reported first-quarter net income attributable to the company of $3.18 billion, or 74 cents per share, up from $3.11 billion, or 72 cents per share, a year earlier.rose 3% to $11.30 billion. Organic sales, which strips out the impact of acquisitions, divestitures and foreign exchange, climbed 11% in the quarter.For the full year, Coke is now expecting organic revenue growth of 8% to 9%, up from its prior range of 6% to 7%.

 

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