Coca-Cola's Sweet Surge: Q2 Earnings Soar, Raises 2024 Forecasts
Portfolio Pulse from Shivani Kumaresan
Coca-Cola (NYSE:KO) reported better-than-expected Q2 FY24 earnings, with a 3% YoY sales growth to $12.4 billion, beating the $11.753 billion consensus estimate. The company raised its FY24 revenue and EPS growth outlooks, leading to a 1.65% premarket share price increase.
July 23, 2024 | 12:23 pm
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Coca-Cola's Q2 FY24 earnings exceeded expectations with a 3% YoY sales growth to $12.4 billion, surpassing the $11.753 billion consensus estimate. The company also raised its FY24 revenue and EPS growth outlooks, resulting in a 1.65% premarket share price increase.
Coca-Cola's strong Q2 FY24 earnings report, which included better-than-expected sales and raised future outlooks, is likely to positively impact its stock price in the short term. The 1.65% premarket increase reflects investor confidence in the company's performance and future prospects.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100