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<Results> Coca-Cola Company (The) (KO.US) 1Q Profit, Revenue Beat; Shares Up Over 5%
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Coca-Cola Company (The) (KO.US) reported that 1Q net profit rose nearly 18% YoY to USD3.92 billion, with adjusted EPS of USD0.86, above expectations of USD0.81. The stock rose more than 5% in early trading. During the quarter, adjusted net sales increased 12% to USD12.47 billion, topping expectations of USD12.24 billion. Excluding the impact of acquisitions, divestitures and currency movements, the company recorded organic revenue growth of 10%. North America volume grew 4%. The company now expects full-year EPS growth of 8% to 9%, higher than its previous forecast of 7% to 8%. It reiterated its prior guidance for organic revenue growth of 4% to 5%. (sw/t) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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