Coca-Cola Beats Estimates with Strong Quarterly Earnings and Revenue

Coca-Cola reported quarterly earnings and revenue that beat analysts' estimates. Earnings per share were above estimates at 72 cents adjusted, while revenue was above estimates at $11.30 billion. Coca-Cola raised its full-year outlook for organic revenue growth to 8 to 9%. Coke's global unit case volume rose by 1%, while its North American volume remained unchanged for the quarter. Coke's sparkling soft drinks and juice, dairy, and plant-based drinks segments saw a 2% increase in volume during the quarter, driven by strong demand in North America.