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Coke: Q1 Earnings Snapshot

By Ap News - Apr 30, 2024, 07:07 AM ET

Last Updated - Apr 30, 2024, 07:07 AM EDT

ATLANTA (AP) — ATLANTA (AP) — Coca-Cola Co. (KO) on Tuesday reported first-quarter net income of $3.18 billion.

On a per-share basis, the Atlanta-based company said it had net income of 74 cents. Earnings, adjusted for one-time gains and costs, were 72 cents per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share.

The world's largest beverage maker posted revenue of $11.3 billion in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $10.95 billion.

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