James Quincey, CEO of Coca-Cola, speaking on CNBC’s “Squawk Box” outside of the World Economic Forum in Davos, Switzerland, on Jan. 22, 2025.
Gerry Miller | CNBC
Coca-Cola on Tuesday reported quarterly earnings and revenue that topped analysts’ expectations, as global demand for its drinks rose.
Shares of the company climbed more than 3% in premarket trading.
Here’s what Coca-Cola reported for the quarter ended Dec. 31 compared with what Wall Street was expecting, based on a survey of analysts by LSEG:
- Earnings per share: 55 cents adjusted vs. 52 cents expected
- Revenue: $11.54 billion vs. $10.68 billion expected
The beverage giant reported fourth-quarter net income attributable to shareholders of $2.20 billion, or 51 cents per share, up from $1.97 billion, or 46 cents per share, a year earlier.
Excluding restructuring charges, refranchising gains and other items, Coke earned 55 cents per share.
Net sales rose 6% to $11.54 billion.
Discover more from Latest News Today
Subscribe to get the latest posts sent to your email.
