Coca-Cola’s stock has fallen 15% this year, dragging its market value down to about $234 billion.
Coca-Cola on Tuesday reported quarterly earnings and revenue that topped analysts’ expectations and hiked 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 was expecting, based on a survey of analysts by LSEG, formerly known as Refinitiv:
Coke reported third-quarter net income attributable to shareholders of $3.09 billion, or 71 cents per share, up from $2.83 billion, or 65 cents per share, a year earlier.
Excluding transactions gains, restructuring costs and other items, the beverage giant earned 74 cents per share.
