Coca-Cola's Quarterly Earnings Exceed Expectations with $0.84 EPS
Tuesday, 23 July 2024, 13:28
Coca-Cola Quarterly Earnings Overview
The Coca-Cola Company (NYSE: KO) released its quarterly earnings data on Tuesday, delivering strong results:
Earnings Per Share
- Reported EPS: $0.84
- Consensus Estimate: $0.81
- EPS Increase: Up from $0.78 in the previous year
Financial Performance
The company reported a net margin of 23.41% with a return on equity of 42.74%. Revenue for the quarter was:
- Total Revenue: $12.40 billion
- Revenue Consensus: $11.78 billion
- Year-over-Year Growth: 3.3%
In conclusion, Coca-Cola's robust earnings performance indicates a solid path forward, reflecting the company's adaptable strategies in the beverage market.
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.