BUZZ-Coca-Cola beats quarterly results estimates on strong demand
Updates
Shares of beverage maker Coca-Cola KO.N up as much as 5% at $67.64, their highest since October 25
If gains hold, stock on track for best day since November 2022
Co beats quarterly results estimates on resilient demand for its sodas and juices
Posts Q4 adj. revenue of $11.40 billion vs analysts' estimates of $10.68 billion - data compiled by LSEG
Quarterly adj. profit of 55 cents per share beats estimates of 52 cents per share
Co's global unit case volumes rose 2% after dipping 1% in the prior quarter
KO looks like one of the safest plays in what has become a minefield of challenges for the broader consumer staples group due to weight-loss drugs, tariffs, foreign exchange and other issues - Bill Chappell, analyst with Truist Securities
KO rose about 6% in 2024
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