Coke: 1Q Earnings Snapshot
Posted April 23, 2019 4:21 am.
This article is more than 5 years old.
ATLANTA (AP) _ Coca-Cola Co. (KO) on Tuesday reported first-quarter earnings of $1.68 billion.
The Atlanta-based company said it had profit of 39 cents per share. Earnings, adjusted for one-time gains and costs, came to 48 cents per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share.
The world’s largest beverage maker posted revenue of $8.02 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $7.89 billion.
Coke shares have increased slightly since the beginning of the year, while the Standard & Poor’s 500 index has increased 16 per cent. The stock has risen 7 per cent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KO at https://www.zacks.com/ap/KO
The Associated Press
