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Benzinga
  • 3 years ago
Coca-Cola reported quarterly earnings and revenue that topped analysts' expectations for Q3 2023. Earnings per share were $0.74 vs an expected $0.69. Revenue was $11.91 billion vs an expected $11.44 billion. Net income increased to $3.09 billion, up from $2.83 billion in Q3 2022. In North America, volume was flat but some brands like Coke Zero and Fairlife grew. Looking to 2024, Coke expects a mid single-digit currency headwind but will provide more details next year.
Transcript
00:00 Benzinga and here's what's on the block. Coca-Cola reported quarterly earnings and
00:04 revenue that topped analysts' expectations for Q3 2023. Earnings per share were $0.74
00:10 versus an expected $0.69. Revenue was $11.91 billion versus an expected $11.44 billion.
00:18 Net income increased to $3.09 billion up from $2.83 billion in Q3 2022.
00:24 In North America, volume was flat but some brands like Coke Zero and Fairlife grew.
00:29 Looking to 2024, Coke expects a mid-single-digit currency headwind
00:33 but we'll provide more details next year. For all things money visit Benzinga.com
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