Coca-Cola tops Wall Street expectations in the first quarter

The 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:

• 1 Month +4.98%
• 3 Month +8.41%
• Year-to-date +9.79%
• 1 Year +21.14%

Coca-Cola is the 28^th largest company in the world, with a total market cap of $283.11 billion.

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Sources: The Coca-Cola Company, TradingView, CompaniesMarketCap