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Coca-Cola Earnings Beat
Description
Coca-Cola beat Q1 estimates with adjusted EPS of 86 cents and revenue of $12.47B. Net income rose to $3.92B from $3.33B a year earlier. The company raised its full-year EPS growth forecast to 8%–9% and reiterated organic revenue growth of 4%–5%. North America volume rose 4%, while the water, sports, coffee, and tea segment led global growth with a 5% volume increase. All operating segments reported volume growth.
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