div > div.group > p:first-child"> Shares of the company rose 3% in premarket trading.
Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: The beverage giant reported fiscal first-quarter net income of $1.68 billion, or 39 cents per share, up from $1.33 billion, or 32 cents per share, a year earlier. From continuing operations, the Atlanta-based company earned 48 cents per share, topping the 46 cents per share expected by analysts surveyed by Refinitiv.After the company told investors last quarter that its 2019 earnings could decline by as much as 1%, its stock had its worst day in more than a decade. CEO James Quincey attributed the gloomy outlook to currency fluctuations, Fed rate hikes and changing tax rates.
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