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Shares of Coca-Cola Pop After Strong China Sales Boost Revenue

August 15, 2023
in Trade Tube
Reading Time: 1 min read
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Shares of Coca-Cola are climbing on Tuesday after the company reported better-than-expected quarterly revenue on strong sales out of China. Case volumes in the country rose 12% in the quarter, offsetting a drop in Europe and flat volumes in North America. Earnings came to 44 cents a share, excluding items, coming in line with analyst estimates, according to Thomson Reuters. Revenue fell 4% to $10.58 billion, still narrowly beating analyst estimates of revenue of $10.55 billion.

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