30.04.2024 13:00:45 - dpa-AFX: The Coca-Cola Company Q1 Profit Increases, beats estimates
ATLANTA (dpa-AFX) - The Coca-Cola Company (KO) released earnings for its
first quarter that increased from last year and beat the Street estimates.
The company's earnings came in at $3.18 billion, or $0.74 per share. This
compares with $3.11 billion, or $0.72 per share, in last year's first quarter.
Excluding items, The Coca-Cola Company reported adjusted earnings of $3.12
billion or $0.72 per share for the period.
Analysts on average had expected the company to earn $0.65 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter rose 2.9% to $11.30 billion from $10.98
billion last year.
The Coca-Cola Company earnings at a glance (GAAP) :
-Earnings (Q1): $3.18 Bln. vs. $3.11 Bln. last year.
-EPS (Q1): $0.74 vs. $0.72 last year.
-Revenue (Q1): $11.30 Bln vs. $10.98 Bln last year.
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