Coca-Cola Tops Q2 Estimates, Raises Profit Outlook

Coca-Cola reported second-quarter earnings and revenue that beat Wall Street expectations, driven by strong demand in Europe. The beverage giant reported adjusted earnings of 87 cents per share and revenue of $12.62 billion, both exceeding analyst expectations, according to CNBC. Coca-Cola’s second-quarter net income rose to $3.81 billion, or 88 cents per share, up from $2.41 billion, or 56 cents per share, a year ago. The company narrowed its full-year outlook for comparable earnings per share growth to 3%, the upper end of its prior range. It maintained its forecast for 5% to 6% organic revenue growth in 2025. Shares rose 1% in premarket trading.