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

Market news

22 October 2020

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

Coca-Cola (KO) reported Q3 FY 2020 earnings of $0.55 per share (versus $0.56 per share in Q3 FY 2019), beating analysts’ consensus estimate of $0.46 per share.

The company’s quarterly revenues amounted to $8.652 bln (-9.0% y/y), beating analysts’ consensus estimate of $8.366 bln.

KO rose to $50.72 (+1.46%) in pre-market trading.

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