Coca-Cola beats Q2 earnings estimates, raises full-year profit forecast
On Tuesday, Coca-Cola announced its second-quarter earnings and revenue, surpassing the forecasts set by Wall Street. Additionally, the company increased its profit outlook for the entire year. As a result of this news, Coca-Cola's stock experienced a rise of over 2% during premarket trading.
Key facts
- Coca-Cola reported Q2 earnings and revenue above Wall Street expectations.
- The company raised its full-year profit forecast.
- Coca-Cola stock rose over 2% in premarket trading after the announcement.
- The earnings report was released on a Tuesday.
Entities
Institutions
- Coca-Cola
- Wall Street
Sources
- Quartz —