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World News
Coca-Cola revenue soars in first quarter
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<blockquote data-quote="WPLG" data-source="post: 22682" data-attributes="member: 158"><p>Sales at Coca-Cola surged 16% during the first quarter as crowds returned to movie theaters, music venues and sport stadiums.</p><p></p><p>Coca-Cola was among the companies to suspend operations in Russia after it invaded neighboring Ukraine. But on Monday, it stuck by earlier revenue growth projections of 7% to 8% and per-share growth of 5% to 6% for the year.</p><p></p><p>The Atlanta company posted net income of $2.78 billion, or 64 cents per share, topping Wall Street's expectations for per-share earnings by 6 cents, according to a survey by Zacks Investment Research.</p><p></p><p>The world’s largest beverage maker posted revenue of $10.49 billion in the period, also exceeding industry analyst forecasts of $9.91 billion.</p><p></p><p>Shares of The Coca-Cola Co. rose slightly before the opening bell.</p><p></p><p>_____</p><p></p><p>A portion of this story was generated by Automated Insights (<a href="http://automatedinsights.com/ap" target="_blank">http://automatedinsights.com/ap</a>) using data from Zacks Investment Research. Access a Zacks stock report on KO at <a href="https://www.zacks.com/ap/KO" target="_blank">https://www.zacks.com/ap/KO</a></p><p></p><p><a href="https://www.local10.com/business/2022/04/25/coca-cola-revenue-soars-in-first-quarter/" target="_blank">Continue reading...</a></p></blockquote><p></p>
[QUOTE="WPLG, post: 22682, member: 158"] Sales at Coca-Cola surged 16% during the first quarter as crowds returned to movie theaters, music venues and sport stadiums. Coca-Cola was among the companies to suspend operations in Russia after it invaded neighboring Ukraine. But on Monday, it stuck by earlier revenue growth projections of 7% to 8% and per-share growth of 5% to 6% for the year. The Atlanta company posted net income of $2.78 billion, or 64 cents per share, topping Wall Street's expectations for per-share earnings by 6 cents, according to a survey by Zacks Investment Research. The world’s largest beverage maker posted revenue of $10.49 billion in the period, also exceeding industry analyst forecasts of $9.91 billion. Shares of The Coca-Cola Co. rose slightly before the opening bell. _____ A portion of this story was generated by Automated Insights ([URL]http://automatedinsights.com/ap[/URL]) using data from Zacks Investment Research. Access a Zacks stock report on KO at [URL]https://www.zacks.com/ap/KO[/URL] [url="https://www.local10.com/business/2022/04/25/coca-cola-revenue-soars-in-first-quarter/"]Continue reading...[/url] [/QUOTE]
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World News
Coca-Cola revenue soars in first quarter
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