Shares of Coke have climbed 19% over the last 12 months, giving it a market value of $283 billion.
A person wearing a mask pushes a dolly cart past a Coca-Cola truck as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 16, 2020 in New York City.on Monday reported quarterly earnings that topped analysts' expectations as consumers drank more of its trademark soda, Powerade and other beverages.
Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:Revenue: $10.5 billion vs. $9.83 billion expected Coke reported first-quarter net income attributable to shareholders of $2.78 billion, or 64 cents per share, up from $2.25 billion, or 52 cents per share, a year earlier.
Excluding items, the beverage giant earned 64 cents per share, beating the 58 cents per share expected by analysts surveyed by Refinitiv.rose 16% to $10.5 billion, topping Wall Street's expectations of $9.83 billion. Organic revenue, which strips out the impact of acquisitions and divestitures, climbed 18% in the quarter.
Despite the suspension of its Russian business, the company reiterated its full-year outlook of revenue growth of 7% to 8% and comparable earnings per share growth of 5% to 6%.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Good Trouble’s Sherry Cola Reveals She “Drunk” DM’d Show Producer Jennifer Lopez - E! OnlineAs part of E!'s Down With the DMs, Good Trouble star Sherry Cola said that she once drunkenly DM'd Jennifer Lopez to show her 'respect and admiration' for the show's executive producer.
Read more »
Stock futures are little changed on Sunday as Wall Street braces for a busy earnings weekInvestors are looking ahead to a packed week of corporate earnings, including reports from Amazon, Apple and Microsoft.
Read more »
Dow Futures Fall More Than 200 Points as Wall Street Braces for a Busy Earnings WeekInvestors are looking ahead to a packed week of corporate earnings, including reports from Amazon, Apple and Microsoft.
Read more »
Top Wall Street Analysts Like These Stocks for Long-Term UpsideTipRanks analyst ranking service pinpoints Wall Street’s best-performing stocks including eBay and Booking Holdings.
Read more »
Apple gave investors more than $100 billion last year --- how much more is coming?Analysts tracked by FactSet on average model $1.43 a share in fiscal second-quarter earnings for Apple, up from $1.40 a share a year earlier. $AAPL is expected to reveal this year’s investor-return plans on Thursday afternoon.
Read more »