Coca-Cola quarterly revenue tops 2019 levels; company raises full-year forecast

Shares of Coke have risen 2% this year, giving the company a market value of $241 billion. Read more...

A shopper scans a case of Coca-Cola Co. soft drinks at a store in Orem, Utah, U.S., on Tuesday, Feb. 9, 2021.

George Frey | Bloomberg | Getty Images

Coca-Cola on Wednesday reported second-quarter revenue that surpassed 2019 levels, prompting the company to raise its full-year outlook.

Shares of the company rose nearly 2% in premarket trading.

Here’s what the company reported, compared with what Wall Street analysts surveyed by Refinitiv were expecting:

  • Earnings per share: 68 cents vs. 56 cents expected
  • Revenue: $10.13 billion vs. $9.32 billion expected

Coke reported fiscal second-quarter net income of $2.64 billion, or 61 cents per share, up from $1.78 billion, or 41 cents per share, a year earlier.

Excluding items, the company earned 68 cents per share, beating the 56 cents per share expected by analysts surveyed by Refinitiv.

Net sales rose 42% to $10.13 billion, topping expectations of $9.32 billion.

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