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
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.