Coca-Cola Q1 2024 Adj EPS $0.72 Beats $0.70 Estimate, Sales $11.300B Beat $11.010B Estimate
Portfolio Pulse from Benzinga Newsdesk
Coca-Cola reported Q1 2024 adjusted EPS of $0.72, surpassing the $0.70 estimate, with sales of $11.300B exceeding the $11.010B forecast, marking a 2.91% increase from the previous year.
April 30, 2024 | 10:55 am
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POSITIVE IMPACT
Coca-Cola's Q1 2024 earnings and sales exceeded analyst expectations, indicating strong financial performance.
Beating both EPS and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The reported growth over the previous year further strengthens the company's market position.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100