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0 -0.000123190637511437 -0.000123190637511437 6.15953187558936E-05 0.000246381275023224 -0.001793655682168 -0.000920850015398763 -0.00190945488142885
Stock impact report

Coca-Cola posts better-than-expected revenue on price hikes, steady demand [Yahoo! Finance Canada]

Procter & Gamble Company (The) (PG) 
Last procter & gamble company (the) earnings: 4/17 07:00 am Check Earnings Report
Shares of the Sprite and Fanta maker rose 1% in premarket trading. Coca-Cola's price hikes in highly inflationary markets such as Argentina and Latin America, coupled with customers still choosing to spend on its slightly higher-priced products, have helped boost sales growth. Consumer goods companies such as PepsiCo and Procter & Gamble have noted a general slowdown in demand, but Coca-Cola has enjoyed growth for its sparkling drinks and Fairlife milk in the North American market. Coca-Cola's average selling prices rose 5% in the first quarter, the company said, while unit case volumes increased 2%. The company's quarterly revenue fell to $11.22 billion from $11.23 billion a year earlier. Analysts on an average expected a 0.84% fall to $11.14 billion, according to data compiled by LSEG. (Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by Devika Syamnath) Recommended Stories Show less Read more
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