TELETRADER News
10/27/2021, 12:59 PM
(Source: TeleTrader)
Coca-Cola Q3 revenue soars 16% to $10 billion
Coca-Cola Co. published its third-quarter earnings results on Wednesday, reporting that its revenue annually jumped 16% to $10 billion. The company's earnings per share surged 41% to $0.57, with operating income rising 26%.
"Our strategic transformation is enabling us to effectively navigate a dynamic environment and emerge stronger from the pandemic. We are updating our full-year guidance to reflect another quarter of momentum in the business," CEO James Quincey noted.
Coca-Cola's stocks gained 2.07% in premarket trade following the better-than-expected earnings announcement.