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0 0.00818965517241385 0.0064655172413794 0.00344827586206905 -0.00150862068965503 -0.00193965517241371 -0.00646551724137925 -0.011853448275862
Stock impact report

Coca-Cola's stock rallies after profit, revenue beats [MarketWatch]

Coca-Cola Company (The) (KO) 
Last coca-cola company (the) earnings: 4/21 05:55 am Check Earnings Report
US:NYSE Investor Relations: coca-colacompany.com/investors
Company Research Source: MarketWatch
Shares of Coca-Cola Co. rose 1.6% in premarket trading Tuesday, after the beverage giant reported first-quarter profit and revenue that beat expectations, as pantry loading earlier in the quarter helped offset substantial declines in its away-from-home channels given the COVID-19 pandemic. Net income rose to $2.78 billion, or 64 cents a share, from $1.68 billion, or 39 cents a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share came to 51 cents, above the FactSet consensus of 44 cents. Revenue fell 1% to $8.60 billion but topped the FactSet consensus of $8.30 billion. Unit case growth volume grew 3% through the end of February, but ended up down 1% for the quarter as with "solid" growth in North America more than offset by weakness in Asia/Pacific. Volumes have dropped 25% since the beginning of April. Sparking drinks case volume fell 2%; water, enhanced water and sports drinks grew 2%; juice, dairy and plant-based beverages declined 6% and tea an Show less Read more
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