Coke: Q3 Earnings Snapshot
By AP News
Published - Oct 24, 2023, 07:09 AM ET
Last Updated - Oct 24, 2023, 07:09 AM EDT
ATLANTA (AP) — ATLANTA (AP) — Coca-Cola Co. (KO) on Tuesday reported third-quarter net income of $3.09 billion.
The Atlanta-based company said it had net income of 71 cents per share. Earnings, adjusted for one-time gains and costs, were 74 cents per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share.
The world's largest beverage maker posted revenue of $11.95 billion in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $11.45 billion.
