Unit case volume rose 6%, amid improving performance in away-from-home channels. Revenue grew 16.1% to $10.04 billion, above the FactSet consensus of $9.77 billion, including 8% growth in concentrate sales.
Excluding nonrecurring items, adjusted earnings per share came in at 65 cents, beating the FactSet consensus of 58 cents. The company reported net income that rose to $2.47 billion, or 57 cents a share, from $1.74 billion, or 40 cents a share, in the year-ago period. undefined surged 3.0% in premarket trading Wednesday, after the beverage giant reported third-quarter profit and revenue that rose above expectations, with all geographic regions saw revenue and unit case volume growth, and raised its full-year earnings growth view.
Coca-Cola stock surges after profit and revenue beats, raised outlook
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