Coca-Cola Beats Profit Estimates After Boosting Drink Prices
Coke Post Profit That Beats Estimates
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Coca-Cola Co., the world’s largest beverage company, posted second-quarter earnings that beat analysts’ estimates after increasing drink prices and cutting expenses.
Excluding some items, profit amounted to 63 cents a share, the Atlanta-based company said in a statement Wednesday. Analysts had estimated 60 cents on average, according to data compiled by Bloomberg.