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Profit on Coca-Cola (KO) Q3 2019



Marcos Brindici | Reuters

On Friday, Coca-Cola reported quarterly revenue that exceeded analysts' expectations as more customers were drawn to healthier options such as Zero Sugar soda and smaller cans.

The company's shares jumped 1.6% in pre-sale trading. "

" Our results give us confidence that our strategies are engaging with our users, customers and system, "said CEO James Quincy in a statement.

Here's what the company reports in comparison to what Wall Street expected based on a survey of analysts by Refinitiv:

  • Earnings per share: 56 cents, adjusted against 56 cents expected
  • Revenue: 9, $ 5 billion vs. an estimated $ 9.4 billion

Coke reported fiscal net income for the third quarter of $ 2.6 billion, or 60 cents a share, up from $ 1

.8 billion, or 44 cents a share, a year earlier.

Without exception, the beverage giant earned 56 cents per share, in line with the 56 cents per share expected by analysts surveyed by Refinitiv.

Net sales grew 8% to $ 9.5 billion, exceeding expectations of $ 9.4 billion.

This story unfolds. Please check back for updates.


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