On Tuesday, major beverage manufacturer Coca-Cola released its quarterly earnings report, showing that the company beat Wall Street’s estimate for the third financial quarter.
Coca-Cola pulled in $0.74 per share in earnings compared to $0.69 per share expectations, and $11.91 billion in adjusted revenue compared to analysts’ $11.44 billion predictions.
As a result, Coca-Cola hiked its full-year outlook.
Shares of the company increased 3% during Tuesday morning trading following the report’s release.
