Coca-Cola on Wednesday reported second-quarter revenue that surpassed 2019 levels, prompting the company to raise its full-year outlook.
Shares of the company rose more than 2% in premarket trading.
Here’s what the company reported, compared with what Wall Street analysts surveyed by Refinitiv were expecting:
- Earnings per share: 68 cents adjusted vs. 56 cents expected
- Revenue: $10.13 billion vs. $9.32 billion expected
Coke reported fiscal second-quarter net income of $2.64 billion, or 61 cents per share, up from $1.78 billion, or 41 cents per share, a year earlier.
Excluding items, the company earned 68 cents per share, beating the 56 cents per share expected by analysts surveyed by…