Company news: Coca-Cola’s (KO) quarterly results top analysts’ expectations

Coca-Cola (KO) reported Q3 FY2024 earnings of $0.77 per share (versus $0.74 per share in Q3 FY2023), beating analysts’ consensus estimate of $0.75 per share.

The company’s quarterly revenues amounted to $11.854 bln (-0.8% y/y), beating analysts’ consensus estimate of $11.610 bln.

The company also reaffirmed FY2024 EPS guidance of $2.82-2.85 versus analysts’ consensus estimate of $2.85.

KO fell to $67.98 (-2.12%) in pre-market trading.