Coca-Cola Q3 Earnings Show Profit Growth and Exceed Analysts' Expectations
Wednesday, 23 October 2024, 11:08
Coca-Cola Q3 Earnings Overview
The Coca-Cola Company (NYSE: KO) reported a robust increase in adjusted earnings for the third quarter of 2024, surpassing market forecasts. Adjusted earnings rose to $0.77 per share, compared to $0.74 per share in the previous year, aligning with analyst predictions and demonstrating the company's resilience in a challenging market.
Financial Results
- Net income attributable to shareowners amounted to $2.85 billion or $0.66 per share, down from $3.09 billion or $0.71 per share year-over-year.
- Third-quarter revenues decreased by 1% to $11.85 billion, slightly below analyst expectations.
- However, organic revenues experienced a strong increase of 9% year-over-year, indicating solid demand for Coca-Cola products.
This quarter’s results position Coca-Cola favorably as it navigates market challenges within the beverages and fast food industries.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.