Shares of Coke have risen nearly 10% this year, increasing its market value to around $295 billion.
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Coca-Cola
reported quarterly earnings and revenue that topped expectations, but the beverage giant said that demand for its drinks is still soft.
Here’s what the company reported compared with what Wall Street analysts surveyed by LSEG were expecting:
Coke reported third-quarter net income attributable to shareholders of $3.7 billion, or 86 cents per share, up from $2.85 billion, or 66 cents per share, a year earlier.
Shares of Coca-Cola have risen roughly 22% over the last year, raising its market value up to about $335 billion.
Shares of Coke have risen just 6% over the last year, hurt by concerns about the broader economy.
The food and beverage giant PepsiCo reiterated its full-year forecast.
PepsiCo's quarterly earnings and revenue topped Wall Street's expectations.
PepsiCo reported fourth-quarter earnings and revenue that topped Wall Street's estimates.
El ejecutivo español destaca que 32 marcas de la compañía de bebidas ya facturan más de 1.000 millones por sí solas
