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Coca-Cola sales easily top estimates as global demand rises

Coca-Cola's revenue increased by 6% to $11.5 billion in the fourth quarter, exceeding Wall Street's expectation of $10.68 billion, according to analysts polled by FactSet.
The company reported that unit case volumes rose by 2%, reversing a previous decline, while Coca-Cola Zero Sugar saw a 13% increase in case volumes.
Net income for Coca-Cola rose by 11% to $2.2 billion during the October-December period, with adjusted earnings of 55 cents per share, surpassing forecasts of 52 cents.
Coca-Cola's shares increased by nearly 4% in premarket trading on the day of the report.

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Japan Today

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AccessWDUN

Coca-Cola reverses sales volume slide, sending revenue up 6% in the fourth quarter

Coca-Cola posted better-than-expected revenue in the fourth quarter as its sales volumes rose in the U.S., China and elsewhere. Revenue for the Atlanta beverage giant rose 6% to $11.5 billion. That was better than the $10.68 billion Wall Street was expecting, according to analysts polled by FactSet. Analysts had expected…

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