A Coca-Cola truck in New York City.
Alexi Rosenfeld | Getty Images
Coca-Cola on Tuesday reported quarterly earnings and revenue that topped analysts’ expectations and hiked its full-year outlook.
Shares of the company rose 1.5% in premarket trading.
Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG, formerly known as Refinitiv:
- Earnings per share: 74 cents adjusted vs. 69 cents expected
- Revenue: $11.91 billion adjusted vs. $11.44 billion expected
Coke reported third-quarter net income attributable to shareholders of $3.09 billion, or 71 cents per share, up from $2.83 billion, or 65 cents per share, a year earlier.
Excluding items, the beverage giant earned 74 cents per share.
Net sales rose 8% to $11.91 billion.