KO Earnings: Coca-Cola Q3 adjusted profit rises and beats Street view

Soft drink giant The Coca-Cola Company (NYSE: KO) reported an increase in adjusted earnings for the third quarter of 2024. Earnings also exceeded analysts’ estimates. Earnings, adjusted for special items, advanced to $0.77 per share in the September quarter from $0.74 per share a year earlier and topped expectations. Net income attributable to shareowners, on […]

October 23, 2024 1 min read

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Soft drink giant The Coca-Cola Company (NYSE: KO) reported an increase in adjusted earnings for the third quarter of 2024. Earnings also exceeded analysts’ estimates. Earnings, adjusted for special items, advanced to $0.77 per share in the September quarter from $0.74 per share a year earlier and topped expectations. Net income attributable to shareowners, on […]
· October 23, 2024

Soft drink giant The Coca-Cola Company (NYSE: KO) reported an increase in adjusted earnings for the third quarter of 2024. Earnings also exceeded analysts’ estimates.

The Coca-Cola Company Q3 2024 earnings infographic

Earnings, adjusted for special items, advanced to $0.77 per share in the September quarter from $0.74 per share a year earlier and topped expectations. Net income attributable to shareowners, on an unadjusted basis, declined to $2.85 billion or $0.66 per share in Q3 from $3.09 billion or $0.71 per share in the year-ago period.

There was a 1% decrease in third-quarter revenues to $11.85 billion. Analysts were looking for a lower top-line number. Meanwhile, organic revenues increased 9% year-over-year.