News Formal

Coca-Cola earnings beat estimates as revenue rises 10%

  • 📰 CNBC
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 72%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Coca-Cola is about to report earnings. Here's what to expect

Wall Street analysts are expecting Coca-Cola to report quarterly earnings of 41 cents per share and revenue of $8.96 billion.

The beverage giant is facing higher costs and the potential drag on its business from the omicron variant. CEO James Quincey said on CNBC in October that the company's stock is likely getting punished for the away-from-home business.Artur Widak | NurPhoto | Getty ImagesShares of the company fell more 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 Refinitiv:Revenue: $9.46 billion vs. $8.96 billion expected Excluding items, Coke earned 45 cents per share, beating the 41 cents per share expected by analysts surveyed by Refinitiv.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa South Africa Latest News, South Africa South Africa 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 ExpectCoca-Cola shares have been on a steady climb upward over the last two months, gaining 11%. The stock has a market value of $265 billion.
Source: NBCDFW - 🏆 288. / 63 Read more »

Chipotle stock gets a boost on earnings beat, chain plans to add more locations in small townsChipotle Mexican Grill beat analysts' estimates year-over-year in revenue and earnings per share in Q4, and it plans to open more stores in small towns. Food poisoning expansion. That can’t be good.
Source: FoxBusiness - 🏆 458. / 53 Read more »

PepsiCo Beats on Fourth-Quarter Earnings, But Warns of Cost PressurePepsiCo beat expectations for fiscal fourth-quarter earnings and revenue, but warned of cost pressures ahead. Where are the Diet Coke advocates ?
Source: nbcchicago - 🏆 545. / 51 Read more »

Coca-Cola Is About to Report Earnings. Here's What to ExpectCoca-Cola shares have been on a steady climb upward over the last two months, gaining 11%. The stock has a market value of $265 billion.
Source: NBCDFW - 🏆 288. / 63 Read more »