4/19, 12:57 PM (Source: TeleTrader)
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Coca-Cola Q1 revenues up 5% to $9.02 billion

Coca-Cola Co. announced first-quarter earnings results on Monday, revealing that the company's net revenues rose 5% compared to the previous year to reach $9.02 billion. Coca-Cola's operating income surged 14% during the same period in the quarter ending April 2, while on the other hand, earnings per share plunged 19% to $0.52. Overall, the figures surpassed market estimates.

"We remain focused on emerging stronger and executing against our growth accelerators during the recovery phase. We are pleased with the progress we are making. We are encouraged by improvements in our business, especially in markets where vaccine availability is increasing and economies are opening up, and we remain confident in our full-year guidance," CEO James Quincey argued.

Coca-Cola's stocks were up 0.43% to $53.91 per share in the premarket trade following the announcement.

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