Coca-Cola stock surges after profit and revenue beats, raised outlook

Published: Oct. 27, 2021 astatine 7:17 a.m. ET

Shares of Coca-Cola Co. surged 3.0% successful premarket trading Wednesday, aft the beverage elephantine reported third-quarter nett and gross that roseate supra expectations, with each geographic regions saw gross and portion lawsuit measurement growth, and raised its full-year net maturation view. The institution reported nett income that roseate to $2.47 billion, oregon 57 cents a share, from $1.74 billion, oregon 40 cents a share, successful the year-ago period. Excluding nonrecurring items, adjusted net per stock came successful astatine 65 cents, beating the FactSet statement of 58 cents. Revenue grew 16.1% to $10.04 billion, supra the FactSet statement of $9.77...