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Coca-Cola beverages are offered for sale in Chicago on April 30, 2024.
Scott Olson | Getty Images
Coca-Cola on Tuesday raised its full-year outlook as global demand for its drinks rose in the second quarter.
Shares of the company rose more than 1% in premarket trading.
Here’s what the company reported versus what Wall Street was expecting, based on a survey of analysts by LSEG:
- Adjusted earnings per share: 84 cents, may not compare with 81 cents expected
- Revenue: $12.36 billion, may not compare with $11.76 billion expected
Coke reported second-quarter net income attributable to shareowners of $2.41 billion, or 56 cents per share, down from $2.55 billion, or 59 cents per share, a year earlier.
Excluding items, the beverage giant earned 84 cents per share.
Net sales rose 3% to $12.36 billion.