The U.S. Consumer News and Business Channel (CNBC) reported on the 27th that Coca-Cola released its third fiscal quarter report on Wednesday. The report shows that the company's earnings and sales exceeded expectations.
According to The report, according to Coca-Cola's announcement, the company's earnings per share in the third quarter were adjusted to 65 cents, and the expected 58 cents. Revenue was $10.04 billion, up 16 percent and expected to be $9.75 billion.
During the three-month period ended Oct. 1, Coca-Cola's net profit grew to $2.5 billion, or 57 cents per share, compared to $1.7 billion, or 40 cents per share, a year ago. The company's organic revenue (excluding acquisitions, divestitures and the impact of foreign exchange) increased by 14% and the market estimate was 11%.
In addition, Coca-Cola also raised its full-year organic revenue growth forecast to 13%-14%, higher than the previous 12%-14% growth range. The Company expects adjusted earnings per share to grow by 15 to 17 percent, up from the previous 13 percent to 15 percent range.
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