Coca-Cola surprises investors with better-than-expected first quarter


Coca-Cola surprises investors with better-than-expected first quarter

Wednesday, April 24, 2019

Print this page Email A Friend!

ATLANTA (AP) — The Coca-Cola Co surprised investors with a better-than-expected first quarter, but it's still expecting slower growth for the full year.

Coke reported net income of US$1.7 billion, or 39 cents per share, up from 32 cents per share in the January-March period a year ago.

Without one-time items, Coke earned 48 cents per share, beating Wall Street's expectations. Analysts forecast earnings of 46 cents per share.

Revenue grew five per cent to US$8 billion, also topping analysts' expectations. Operating revenue rose in all of Coke's global regions.

Coke shares jumped four per cent to US$49.10 in pre-market trading.

In February Coke triggered its worst sell-off in more than a decade, after it forecast slower-than-expected revenue growth this year because of currency fluctuations and volatility in emerging markets. Coke still expects organic revenue growth of 4 per cent this year, which is a percentage point slower than in 2018.

In the first quarter Coke was able to command better pricing, particularly in Europe and Latin America. It also saw 6 per cent growth in sales of water and sports drinks. Soft drink sales were up one per cent, while juice, tea and coffee sales were flat from the prior year.

Now you can read the Jamaica Observer ePaper anytime, anywhere. The Jamaica Observer ePaper is available to you at home or at work, and is the same edition as the printed copy available at




1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper � email addresses will not be published.

2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.

3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.

4. Please do not write in block capitals since this makes your comment hard to read.

5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed:

6. If readers wish to report offensive comments, suggest a correction or share a story then please email:

7. Lastly, read our Terms and Conditions and Privacy Policy

comments powered by Disqus



Today's Cartoon

Click image to view full size editorial cartoon