Shares of Coca-Cola Co. rose 0.9% toward an eight-month high in premarket trading Monday, after the beverage giant reported first-quarter profit and revenue...
Shares of Coca-Cola Co. KO rose 0.9% toward an eight-month high in premarket trading Monday, after the beverage giant reported first-quarter profit and revenue that rose above expectations, while keeping the full-year growth outlook unchanged. Net earnings per share rose 12% to 72 cents, while adjusted EPS, which excludes nonrecurring items, rose 5% to 68 cents a share. That beat the FactSet consensus of 65 cents. Revenue grew 5% to $11.0 billion, to beat the FactSet consensus of $10.80 billion.
9% toward an eight-month high in premarket trading Monday, after the beverage giant reported first-quarter profit and revenue that rose above expectations, while keeping the full-year growth outlook unchanged. Net earnings per share rose 12% to 72 cents, while adjusted EPS, which excludes nonrecurring items, rose 5% to 68 cents a share. That beat the FactSet consensus of 65 cents. Revenue grew 5% to $11.0 billion, to beat the FactSet consensus of $10.80 billion.
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