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.

Source

Business

On Holding beats first-quarter expectations, sees double-digit growth in China as Nike lags

May 11, 2026

Swiss sneaker company On saw more strong growth during its first quarter, beating Wall Street’s expectations on the top and bottom lines even as direct-to-consumer revenue fell short of forecasts. During the quarter ended March 31, On’s direct-to-consumer sales, revenue from its own website and stores, grew 16.4% to 322.3 million francs ($414.2 million), falling […]

Business

GM cutting hundreds of salaried IT workers as it trims costs, evaluates needs

May 11, 2026

The General Motors global headquarters in Detroit, Jan. 12, 2026. Jeff Kowalsky | Bloomberg | Getty Images DETROIT – General Motors is laying off hundreds of salaried employees in its information technology operations as the automaker reevaluates its workforce needs and cuts costs, CNBC has learned. The global reductions began Monday and will impact about […]

Business

The wealthy keep buying Manhattan real estate despite potential pied-à-terre tax

May 11, 2026

Central Park Tower, center, along Billionaire’s Row in New York, US, on Friday, May 1, 2026. Michael Nagle | Bloomberg | Getty Images High-end real estate sales in Manhattan increased in the past month, according to new data, despite New York Mayor Zohran Mamdani’s proposed pied-à-terre tax that brokers warn could cause a wealth flight. […]