Shares of Coca-Cola Pop After Strong China Sales Boost Revenue
Coca-Cola's earnings came to 44 cents a share, excluding items, while revenue fell 4% to $10.58 billion, narrowly beating analyst estimates of revenue of $10.55 billion.
Shares of Coca-Cola are climbing on Tuesday after the company reported better-than-expected quarterly revenue on strong sales out of China. Case volumes in the country rose 12% in the quarter, offsetting a drop in Europe and flat volumes in North America. Earnings came to 44 cents a share, excluding items, coming in line with analyst estimates, according to Thomson Reuters. Revenue fell 4% to $10.58 billion, still narrowly beating analyst estimates of revenue of $10.55 billion.
