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0.00155732918045549 -0.000973330737784782 -0.00564531827915138 0.000194666147556901 -0.00330932450846801 -0.00525598598403744 -0.00428265524625265 -0.00778664590227757
Stock impact report

Coca-Cola shares rise after earnings beat [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
Coca-Cola Co. shares rose 1.4% in Thursday premarket trading after the beverage giant reported third-quarter earnings and revenue that beat expectations. Net income totaled $1.74 billion, or 40 cents per share, down from $2.59 billion, or 60 cents per share, last year. Adjusted EPS of 55 cents beat the FactSet consensus for 46 cents. Revenue of $8.65 billion was down from $9.51 billion last year but ahead of the FactSet forecast for $8.36 billion. Revenue improved compared with last quarter, but continues to feel the pressure of the declines in away-from-home channels like movie theaters and sporting events, the company explained. The company continues its revamp, which includes a 50% reduction in the number of brands in its portfolio. It has already announced that Odwalla juices, Zico coconut water and Tab diet soda will be discontinued. Coca-Cola did not provide detailed guidance due to uncertainty from the coronavirus pandemic. Coca-Cola stock has fallen 9.7% for the year to date w Show less Read more
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