Coca-Cola raises earnings outlook after beating Q3 estimates, but North American business slows
FROM THE WIRE · FINANCE.YAHOO.COM
Coca-Cola (KO) posted better-than-expected third quarter results and raised its earnings outlook, but the company saw slowing demand in its North American business. Coca-Cola stock traded lower in premarket hours. The company posted adjusted earnings of $0.91 per share, above…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bullishA guidance raise from a mega-cap like Coca-Cola can move the stock and the beverage sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Adjusted earnings per share of $0.91 beat the $0.88 expected by Wall Street analysts.
- 02Revenue of $13.4 billion was higher than estimates of $12.9 billion.
- 03Higher input and operating costs weighed on results in the North American market.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets