Quarterly results of Coca-Cola exceeded Wall Street's expectations

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Quarterly results of Coca-Cola exceeded Wall Street's expectations

October 31, 2018 - 10:55
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Coca Cola demonstrated quarterly revenue and profit that beat Wall Street’s expectations, Reuters reports. Recently the company is investing, in order to satisfy changing preferences of consumers. And this investments are paid off in form of higher sales of non-sugar drinks and vitamin water.

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Coca Cola demonstrated quarterly revenue and profit that beat Wall Street’s expectations, Reuters reports. Recently the company is investing, in order to satisfy changing preferences of consumers. And this investments are paid off in form of higher sales of non-sugar drinks and vitamin water.

This year Coke also paid $5,1 billion for the world’s second largest coffee chain Costa and bought a stake in sport drink brand Body Armor.

Revenues from core business grew by 6% in third quarter. Volumes rose by 2%. Carbonated drinks sales increased by 2%, while volumes of water and sport drinks are 5% up.

Shares of the company gained 2% on Tuesday. As a result, Coca-Cola shows positive growth this year, while Pepsi lost 6% and S&P’s consumer staples sector fell by 5%.

Net income for shareholders grew by 30% compared with last year.