Coca-Cola (AP) 
Business

Coca-Cola reports better-than-expected quarterly profit, says it can manage through tariffs

Net income rose 5 per cent to USD 3.3 billion for the quarter. Adjusted for one-time items, the Atlanta company earned 73 cents per share. That beat expectations of 72 cents.

AP

WASHINGTON: Coca-Cola reported better-than-expected earnings in the first quarter and said the impact of tariffs on its business are likely to be “manageable”.

Revenue fell 2 per cent to USD 11.1 billion in the January-March period, the company said on Tuesday. That was in line with Wall Street's expectations, according to analysts polled by FactSet.

Net income rose 5 per cent to USD 3.3 billion for the quarter. Adjusted for one-time items, the Atlanta company earned 73 cents per share. That beat expectations of 72 cents.

Shares rose 1.5 peer cent before the opening bell Tuesday.

Also Read

94.31% pass Class 10 boards in TN, girls outshine boys

Meenambakkam blisters at 107°F, no respite for capital till weekend

All eyes on Thirumavalavan, IUML as TVK sends Cabinet offer

Coimbatore mayor denies place for CM Vijay’s portrait in her office

Arsenal trusts the Process; Arteta delivers the ‘Unforgettables’ season