Coca-Cola tops estimates with third quarter report
The Coca-Cola Company (KO) is up 1.5% Tuesday morning. The company reported adjusted Q3 earnings of 58 cents per share, topping the estimate by three cents. The soft drink maker posted sales of $8.2 billion versus the consensus $8.18.
The Coca-Cola Company (KO) is a snack and beverage company.
Cedar Fair, L.P. (FUN) and Under Armour, Inc. (UAA) top the list of other companies with positive news today, while Allergan plc (AGN) and AutoNation, Inc. (AN) top the list of companies with negative news.
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About Coca-Cola Company (The)
The Coca-Cola Company is the largest nonalcoholic beverage company in the world, with over $30 billion in annual revenue. Its portfolio includes a variety of carbonated and noncarbonated brands, including Coca-Cola, Diet Coke, Fanta, Sprite, Minute Maid, Powerade, and Dasani. The firm has both concentrate and finished product operations, with concentrate sales contributing roughly half of revenue. Trademark Coca-Cola contributes 45% of unit case volumes worldwide. Coca-Cola generates the majority of its revenue outside of the United States. The acquisition of Costa, expected to close in the first half of 2019, should bolster its presence in the coffee category, particularly in the U.K., where Costa has more than a one third share of coffeehouses.