Company News: Coca-Cola (KO) Q3 results beat analysts’ expectations

Market news

26 October 2016

Company News: Coca-Cola (KO) Q3 results beat analysts’ expectations

Coca-Cola reported Q3 FY 2016 earnings of $0.49 per share (versus $0.51 in Q3 FY 2015), beating analysts' consensus estimate of $0.48.

The company's quarterly revenues amounted to $10.633 bln (-6.9% y/y), beating analysts' consensus estimate of $10.525 bln.

The company reaffirmed guidance for FY 2016, projecting EPS of $1.86-1.92 versus analysts' consensus estimate of $1.91.

KO rose to $42.99 (+1.06%) in pre-market trading.

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