Coca-Cola financial results for the third quarter exceeded forecasts

110120

American soft drink manufacturer Coca-Cola increased its net profit by 30% in the third quarter from a year earlier to $1 billion 880 million. Earnings, not taking into account one-off factors, of 58 cents per share exceeded economists’ forecast of 55 cents per share. Revenues amounted to 8 billion 250 million dollars, a decrease of 9%. The figure also turned out to be higher than market expectations of $8 billion 190 million. Sales of carbonated beverages showed an increase in all regions. The most significant growth was observed in the Asia-Pacific region. Total sales increased by 2%.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong
Message: