Why Coca-Cola Stock Was Up on Tuesday
Shares of Coca-Cola (NYSE: KO) were up 2.6% as of 11:24 a.m. ET on Tuesday after reporting solid revenue and earnings growth for the third quarter.
The maker of Sprite and Powerade posted strong growth in unit case volume in Latin America, which, combined with higher selling prices across operating segments, drove an 11% year-over-year increase in organic (non-generally accepted accounting principles, or non-GAAP) revenue and comparable earnings per share on a currency-neutral basis.
The stock hasn't delivered huge returns, but strong sales growth should continue to support an above-average dividend yield.
Source Fool.com
