Bulletin
Investor Alert

Market Pulse Archives

April 19, 2021, 7:25 a.m. EDT

Coca-Cola earnings beat expectations, vaccine rollout drives confidence for the year

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Coca-Cola Co. (KO)
  • X
    Dow Jones Industrial Average (DJIA)

or Cancel Already have a watchlist? Log In

By Tonya Garcia

Coca-Cola Co. /zigman2/quotes/209159848/composite KO -0.06% first-quarter net income totaled $2.25 billion, or 52 cents per share, down from $2.78 billion, or 64 cents per share last year. Adjusted EPS of 55 cents beat the FactSet consensus for 50 cents. Revenue of $9.02 billion was up from $8.60 billion last year and also ahead of the FactSet consensus for $8.68 billion. "We are encouraged by improvements in our business, especially in markets where vaccine availability is increasing and economies are opening up, and we remain confident in our full year guidance," said James Quincey, chief executive of Coca-Cola in a statement. For 2021, Coca-Cola is guiding for EPS growth from the high-single digits to low-double digits versus $1.95 in 2020. The FactSet consensus is for EPS of $2.14, implying a 10% increase. Coca-Cola stock edged up 0.6% in Monday premarket trading, but has slipped 2.1% for the year to date. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.66% has gained 11.7% for 2021 so far.

/zigman2/quotes/209159848/composite
US : U.S.: NYSE
$ 54.51
-0.03 -0.06%
Volume: 10.64M
May 7, 2021 4:00p
P/E Ratio
32.66
Dividend Yield
3.08%
Market Cap
$235.03 billion
Rev. per Employee
$411,320
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
34,777.76
+229.23 +0.66%
Volume: 311.63M
May 7, 2021 5:15p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.