Daily Market Updates: Coca-Cola beats earnings estimates and raises full-year outlook

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Coca-Cola beats earnings estimates and raises full-year outlook

Shares are up about 19% this year, outpacing the S&P 500, after the company lifted its full-year guidance.

Reported · Written up by our desk · Results

Coca-Cola reported results that beat market expectations and also raised its outlook for the full year, citing strengthening demand for its drinks, according to CNBC Markets.

CNBC World reported that the move came as Coca-Cola’s stock has climbed about 19% so far this year, outperforming the S&P 500’s gain over the same period.

CNBC Earnings similarly highlighted both the earnings beat and the higher full-year guidance tied to continued improvement in drinks demand.

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Sources

CNBC MarketsCoca-Cola tops earnings estimates, hikes full-year outlook as demand for drinks climbs

CNBC WorldCoca-Cola tops earnings estimates, hikes full-year outlook as demand for drinks climbs

CNBC EarningsCoca-Cola tops earnings estimates, hikes full-year outlook as demand for drinks climbs

Earnings

Coca-Cola beats earnings estimates and raises full-year outlook

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