Coca-Cola Raises FY Earnings Outlook as Q3 EPS Tops Consensus
Coca-Cola now expects comparable EPS growth of at least 11%, up from 9% to 10%, and organic revenue growth of 5% or more. Third-quarter adjusted EPS was $0.91, versus $0.88 consensus.
The drinks giant now expects comparable earnings per share growth of at least 11%, up from its prior 9% to 10% range, and sees organic revenue rising 5% or more, a slight improvement on earlier forecasts.For the third quarter, adjusted earnings came in at $0.91 a share, ahead of the $0.88 consensus…