BUZZ-Coca-Cola up after quarterly results beat estimates on strong demand
Updates
Shares of beverage maker Coca-Cola KO.N rise as much as 5% to $67.64, the highest level 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 has been able to increase prices and grow demand across its product lines at the same time, it has also seen strong soda sales helped by partnerships, says Brian Mulberry, Client Portfolio Manager at Zacks Investment Management
KO rose about 6% in 2024
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