UPDATE: Coca-Cola Posts Rise In Q3 Profit
Coca-Cola Co (NYSE: KO) reported a rise in its third-quarter profit.
Coca-Cola's quarterly profit surged to $2.45 billion, or $0.54 per share, versus a year-ago profit of $2.31 billion, or $0.50 per share. Its adjusted earnings came in at $0.53 per share.
Its revenue declined 3% to $12.03 billion. However, analysts were projecting earnings of $0.53 per share on revenue of $12.05 billion.
Coca-Cola shares gained 1.58% to $38.51 in pre-market trading.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.