Coca-Cola tops earnings estimates, hikes revenue outlook on higher prices

Coca-Cola exceeded Wall Street's earnings and revenue expectations in its recent quarterly report, recording a net income of $3.18 billion and an adjusted EPS of 72 cents. The company also raised its full-year organic revenue growth forecast to 8-9% from the previously projected 6-7%, citing price increases in response to inflation in various markets. Despite these positive results, Coca-Cola's shares saw a slight drop in premarket trading.