Coca-Cola Stock Rises as Q4 Sales, Profit Top Estimates | Global News Avenue

Coca Cola(That) Tuesday’s fourth-quarter results were reportedly surpassing expectations, which put shares of the world’s largest soft drink maker higher in listing trading.

The beverage giant reported revenue of $11.54 billion, up from $10.85 billion released a year ago, and the visible Alpha consensus of $10.77 billion. Adjustment Earnings per share (EPS) Last year’s expectations of $0.49 and $0.52.

Shares of Coca-Cola, which entered about 8% on Tuesday, rose more than 3% immediately after Tuesday’s report.

Last quarter, Coca-Cola stock lost ground Surprise drop in unit box rolls offsets exceeding expectations. Global unit case volume grew 2% in the fourth quarter and achieved a 6% increase in the Asia-Pacific region.

The result of Coca-Cola is a week after rival Pepsi (pep) reported sales did not meet the estimate Third consecutive quarter.