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- Coca-Cola tops Wall Street expectations in the first quarter
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- Coca-Cola tops Wall Street expectations in the first quarter
- 1 Month +4.98%
- 3 Month +8.41%
- Year-to-date +9.79%
- 1 Year +21.14%
News & AnalysisNews & AnalysisThe Coca-Cola Company reported its latest financial results for the first quarter of the year before the Wall Street opening bell on Monday.
World’s largest beverage producer reported revenue of $10.491 billion in the first quarter, surpassing analyst estimates of $9.832 billion.
Earnings per share reported at $0.64 per share, also above analyst forecast of $0.58 per share.
”We are pleased with our first quarter results as our company continues to execute effectively in a highly dynamic and uncertain operating environment,” James Quincey, Chairman and CEO of Coca-Cola said in press release following the latest results.
”We remain true to our purpose and are staying close to consumers. We are confident in our full-year guidance, and we are well-equipped to win in all types of environments as we fuel strong topline momentum and create value for our stakeholders,” Quincey added.
The Coca-Cola Company chart
The latest results did not have an impact on the share price during the trading day on Monday. The stock was down by 0.05% at $65.16 per share.
Here is how the stock has performed in the past year:
Coca-Cola is the 28th largest company in the world, with a total market cap of $283.11 billion.
You can trade The Coca-Cola Company (KO) and many other stocks from the NYSE, NASDAQ, HKEX and the ASX with GO Markets as a Share CFD.
Sources: The Coca-Cola Company, TradingView, CompaniesMarketCap
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Disclaimer: Articles are from GO Markets analysts and contributors and are based on their independent analysis or personal experiences. Views, opinions or trading styles expressed are their own, and should not be taken as either representative of or shared by GO Markets. Advice, if any, is of a ‘general’ nature and not based on your personal objectives, financial situation or needs. Consider how appropriate the advice, if any, is to your objectives, financial situation and needs, before acting on the advice. If the advice relates to acquiring a particular financial product, you should obtain and consider the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) for that product before making any decisions.
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