Coca-Cola Reports Continued Momentum and Strong Results in Third Quarter; Raises Full-Year Guidance
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Goldman Sachs Expects Coca-Cola (KO) Stock to Outperform Today After Strong Q3 Results
October 27, 2021 8:51 AM EDTShares of Coca-Cola (NYSE: KO) are up 2.8% in pre-open Wednesday after the company reported better-than-expected Q3 results.
Coca Cola reported Q3 EPS of $0.65 to top the analyst estimate of $0.58. Revenue for the quarter came in at $10 billion versus the consensus estimate of $9.78 billion.
Our strategic transformation is enabling us to effectively navigate a dynamic environment and emerge stronger from the pandemic, said James... More
Coca Cola (KO) Tops Q3 EPS by 7c, Updates Guidance
October 27, 2021 6:57 AM EDTCoca Cola (NYSE: KO) reported Q3 EPS of $0.65, $0.07 better than the analyst estimate of $0.58. Revenue for the quarter came in at $10 billion versus the consensus estimate of $9.78 billion.
Full Year 2021
The company expects to deliver organic revenue (non-GAAP) growth of 13% to 14%. UpdatedFor comparable net revenues (non-GAAP), the company expects a 1% to 2% currency tailwind based on the current rates and including the impact of hedged positions. UnchangedThe companys underlying effective tax rate (non-GAAP) is estimated to be 18.6%. This does not include the impact of the ongoing tax... More