Company News: Coca-Cola (KO) quarterly results beat analysts’ estimates

Market news

24 April 2018

Company News: Coca-Cola (KO) quarterly results beat analysts’ estimates

Coca-Cola (KO) reported Q1 FY 2018 earnings of $0.47 per share (versus $0.43 in Q1 FY 2017), beating analysts' consensus estimate of $0.46.

The company's quarterly revenues amounted to $7.600 bln (-16.6% y/y), beating analysts' consensus estimate of $7.318 bln.

The company reaffirmed guidance for FY 2018, projecting EPS of ~$2.06-2.10 (+8-10% y/y) versus analysts' consensus estimate of $2.10.

KO rose to $44.40 (+0.96%) in pre-market trading.

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