The Coca-Cola Company (NYSE: KO) reported strong Q3 results with revenues of $11.1 billion, up 10% year-over-year, beating analysts’ estimates by $600 million.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Adjusted earnings came in at $0.69 per share for the beverage giant, a rise of 7% year-over-year in the third quarter and surpassing Street estimates of $0.64 per share.
James Quincey, Chairman, and CEO of The Coca-Cola Company stated, “Our business is resilient amidst a dynamic operating and macroeconomic environment. We are investing in our strong portfolio of brands, which is a cornerstone of our ability to deliver long-term value for our stakeholders.”
The company also raised its FY22 guidance with comparable currency-neutral adjusted EPS expected to grow in the range of 15% to 16% and comparable adjusted EPS anticipated to rise between 6% and 7%, versus $2.32 in 2021.
