Coca-Cola shares head for 8-month high after profit, revenue beat forecasts


Shares of Coca-Cola Co. KO rose 0.9% toward an eight-month high in premarket trading Monday, after the beverage giant reported first-quarter profit and revenue that rose above expectations, while keeping the full-year growth outlook unchanged. Net earnings per share rose 12% to 72 cents, while adjusted EPS, which excludes nonrecurring items, rose 5% to 68 cents a share. That beat the FactSet consensus of 65 cents. Revenue grew 5% to $11.0 billion, to beat the FactSet consensus of $10.80 billion. Revenue growth included an 11% increase in price and mix and a 1% rise in concentrate sales, as unit case volume grew 3%. For…

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