Shares of Coke have risen just 6% over the last year, hurt by concerns about the broader economy.
In this article
Coca-Cola
on Tuesday reported quarterly earnings and revenue that topped analysts’ expectations.
For the full year, Coke is now projecting comparable earnings per share growth of 8% to 9%, up from its prior forecast of 7% to 8%. It reiterated its prior outlook of organic revenue growth of 4% to 5%.
Shares of the company rose 1% in premarket trading.
Shares of Coke have risen nearly 10% this year, increasing its market value to around $295 billion.
Shares of Coca-Cola have risen roughly 22% over the last year, raising its market value up to about $335 billion.
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.
The company reiterated its full-year forecast for earnings and sales.
