businessSource: CNBCPublished
Coca-Cola Exceeds Earnings Estimates, Boosts Outlook
business · CNBCCoca-Cola reported strong second-quarter earnings and revenue, surpassing Wall Street's expectations. The company raised its full-year forecast, citing higher demand for its drinks. Shares of Coke rose over 2% in premarket trading.
At a glance
- Coca-Cola's adjusted earnings per share topped 97 cents, beating estimates of 93 cents.
- The company reported a 7% increase in net sales to $13.38 billion.
- Coca-Cola's global unit case volume increased 5%, with every reporting segment seeing volume growth.