Coca-Cola Reports Strong Q1 Results, Driving Stock Up 6%
Coca-Cola (KO) stock rose 6.2% following its first-quarter results, which exceeded Wall Street's expectations. The company reported a 12% year-over-year increase in net revenues to $12.47 billion and an 18% rise in adjusted earnings per share to $0.86. The results were driven by strong sales and operating profits across most regions, despite a decline in the Asia Pacific region.
Tickers: $KO
Topics: Coca-Cola Earnings Profit Growth Revenue Growth Stock Price Movement