Why Coca-Cola Shares Bubbled Up to a New High
Coca-Cola (NYSE: KO) beat its second-quarter earnings and revenue estimates on Tuesday, and raised guidance for the year. In response, Wall Street bid shares up 6%, setting a new high. Its coffee sales -- powered by its acquisition of Costa Coffee, which closed early this year -- added a nice growth engine.
In this segment from MarketFoolery, host Chris Hill and Motley Fool Asset Management's Bill Barker discuss Coke's earnings, its organic growth picture, and how the stock and company performance compares to rival PepsiCo.
To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. A full transcript follows the video.
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