Coca-Cola KO reported third-quarter earnings of 56 cents per share, which met the analyst consensus estimate. This is a 3.45% decrease over earnings of 58 cents per share from the same period last year.
The company reported quarterly sales of $9.5 billion, which beat the analyst consensus estimate of $9.48 billion by 0.21%. This is a 14.97% increase over sales of $8.263 billion the same period last year.
See Also: Day In History: Coca-Cola Launches New Coke
Coca-Cola sees fiscal year 2019 operating income up 12-13%, earnings minus 1% to up 1% and estimates fiscal year 2020 sales will be up 1-2%.
"Our performance gives us confidence that our strategies are taking hold with our consumers, customers and system," said James Quincey, CEO of the Coca-Cola Company.
Coca-Cola shares were trading up 1.7% at $54.68 in Friday’s pre-market session. The stock has a 52-week high of $55.92 and a 52-week low of $44.42.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
