00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Coca-Cola raised its full-year outlook for the third consecutive quarter on Tuesday,
00:07after reporting third-quarter earnings and revenue that exceeded Wall Street expectations,
00:11according to CNBC. The beverage giant reported adjusted earnings of $0.91 per share,
00:18topping estimates of $0.88. Revenue rose 7% to $13.4 billion.
00:23Above expectations of $12.92 billion, Coca-Cola now expects comparable earnings per share to grow
00:31at least 11%, up from its previous forecast of 9% to 10%. The company also raised its organic
00:38revenue growth outlook to at least 5%. Global unit case volume increased 5%, supported by demand
00:45outside North America, where volume remained flat. Sparkling soft drinks volume rose 5%,
00:51driven by Coca-Cola, Coke Zero Sugar, and Diet Coke. For all things money, visit Benzinga.com.
