Coca-Cola (NYSE:KO) Surpasses Earnings and Revenue…
From Financial Modeling Prep: 2024-10-23 11:00:05
Coca-Cola exceeded expectations with an EPS of $0.77, a 5% increase year-on-year, beating the estimated $0.746. Revenue for the quarter was $11.95 billion, surpassing the estimated $11.61 billion. Adjusted operating margin improved to 30.7%, despite challenges from currency headwinds and a decline in unit case volume. The company’s stock experienced a downturn due to a significant price increase.
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