Coca-Cola Rises on Q1 Beats
Coca-Cola (NYSE: KO) is off to a good start this week after publishing its latest set of quarterly results.
In the sugary beverage giant's first quarter, net revenue grew by 5% on a year-over-year basis to hit $9 billion. This was driven by sales of the concentrate that makes its signature drink, which rose at the same rate. Net income, however, fell by 19% to just under $2.25 billion, or $0.52 per share. On an adjusted basis, the latter figure was $0.55 per share.
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Source Fool.com
