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

Market news

23 April 2019

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

Coca-Cola (KO) reported Q1 FY 2019 earnings of $0.48 per share (versus $0.47 in Q1 FY 2018), beating analysts’ consensus of $0.46.

The company’s quarterly revenues amounted to $8.000 bln (+5.3% y/y), beating analysts’ consensus estimate of $7.886 bln.

The company also reaffirmed guidance for FY 2019, projecting EPS of $2.05-2.10 versus analysts’ consensus estimate of $2.09.

KO rose to $49.00 (+3.38%) in pre-market trading.

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