The Coca-Cola Company KO reported a drop in its first-quarter earnings.
Coca-Cola's quarterly profit slipped to $1.62 billion, or $0.36 per share, versus a year-ago profit of $1.75 billion, or $0.39 per share. Its adjusted earnings declined to $0.44 per share.
Its net operating revenue dropped to $10.58 billion versus $11.04 billion. However, analysts were estimating earnings of $0.44 per share on revenue of $10.55 billion.
Coca-Cola's global volume increased 2% in the quarter.
Coca-Cola shares gained 1.24% to $39.21 in pre-market trading.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in