Coca-Cola Co.
(NYSE:KO) stock rose sharply Tuesday after the beverage maker reported second-quarter results that topped Wall Street estimates, driven by strong global demand, and raised its full-year outlook.
The company reported adjusted earnings of 97 cents per share, exceeding the analyst consensus estimate of 93 cents.
Revenue increased 7% year over year to $13.4 billion, topping the consensus estimate of $13.162 billion, according to Benzinga Pro.
Coca-Cola Organic Revenue, Volume Growth Stay Strong Organic revenue increased 6%, driven by a 4% increase in concentrate sales and a 2% improvement in price/mix.
