Coca-Cola earnings beat Wall Street estimates as revenue jumps 16%

A person wearing a mask pushes a dolly cart past a Coca-Cola truck as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 16, 2020 in New York City.

Alexi Rosenfeld | Getty Images

Coca-Cola on Monday reported quarterly earnings that topped analysts’ expectations as consumers drank more of its trademark soda, Powerade and other beverages.

Shares of the company rose less than 1% in premarket trading.

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

Earnings per share: 64 cents adjusted vs. 58 cents expected
Revenue: $10.5 billion

Excluding items, the beverage giant earned 64 cents per share, beating the 58 cents per share expected by analysts surveyed by Refinitiv.

Net sales rose 16% to $10.5 billion.

This is breaking news. Please check back for updates.

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