Coca-Cola (KO) Q2 2023 earnings

Bottles of Coca Cola displayed at a grocery store on April 24, 2023 in San Rafael, California.Justin Sullivan | Getty ImagesCoca-Cola on Wednesday raised its full-year outlook after reporting earnings and revenue that topped estimates.Shares of the company rose less than 1% in premarket trading.Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:Earnings per share: 78 cents adjusted vs. 72 cents expectedRevenue: $11.97 billion adjusted vs. $11.75 billion expectedThe beverage giant reported second-quarter net income attributable to shareholders of $2.55 billion, or 59 cents per share, up from $1.91 billion, or 44 cents per share, a year earlier.Excluding items, Coke earned 78 cents per share.Net sales rose 6% to $11.97 billion. The company’s organic revenue, which strips out the impact of acquisitions and divestitures, increased 11% in the quarter, fueled by higher prices.

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