A consumer scans a case of Coca-Cola Co. mushy drinks at a retailer in Orem, Utah, U.S., on Tuesday, Feb. 9, 2021.George Frey | Bloomberg | Getty P
A consumer scans a case of Coca-Cola Co. mushy drinks at a retailer in Orem, Utah, U.S., on Tuesday, Feb. 9, 2021.
George Frey | Bloomberg | Getty Photos
Coca-Cola on Wednesday reported second-quarter income that surpassed 2019 ranges, prompting the corporate to lift its full-year outlook.
Shares of the corporate rose almost 2% in premarket buying and selling.
Here is what the corporate reported, in contrast with what Wall Avenue analysts surveyed by Refinitiv have been anticipating:
- Earnings per share: 68 cents vs. 56 cents anticipated
- Income: $10.13 billion vs. $9.32 billion anticipated
Coke reported fiscal second-quarter internet revenue of $2.64 billion, or 61 cents per share, up from $1.78 billion, or 41 cents per share, a yr earlier.
Excluding objects, the corporate earned 68 cents per share, beating the 56 cents per share anticipated by analysts surveyed by Refinitiv.
Web gross sales rose 42% to $10.13 billion, topping expectations of $9.32 billion.