The post Coca-Cola (KO) Q3 2024 earnings appeared on BitcoinEthereumNews.com.

Vintage Coca-Cola bottles are seen in a shop window in Manhattan, New York City, on July 15, 2024. Beata Zawrzel | Nurphoto | Getty Images Coca-Cola on Wednesday reported quarterly earnings and revenue that topped analysts’ expectations, thanks to a boost from higher prices that offset sluggish demand. Shares of the company rose less than 1% in premarket trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per share: 77 cents adjusted vs. 74 cents expected Revenue: $11.95 billion adjusted vs. $11.60 billion expected Coke reported third-quarter net income attributable to shareholders of $2.85 billion, or 66 cents per share, down from $3.09 billion, or 71 cents per share, a year earlier. Excluding items, the company earned 77 cents per share. Adjusted net sales of $11.95 billion were roughly flat from a year earlier. Coke’s organic revenue, which strips out the impact of acquisitions, divestitures and currency, climbed 9% during the quarter. For 2024, Coke now expects organic revenue growth of roughly 10%, on the high end of its prior range of 9% to 10%. The company reiterated its projection that comparable earnings per share will rise 5% to 6%. Coke will provide its full 2025 outlook when it reports fourth-quarter earnings, but the company is already expecting currency to hurt its results next year. Coke is projecting a low-single digit headwind for comparable revenue and a mid-single digit headwind for earnings per share. Don’t miss these insights from CNBC PRO Source: https://www.cnbc.com/2024/10/23/coca-cola-ko-q3-2024-earnings.html

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Filed under: News - @ October 23, 2024 11:22 am