ATLANTA (AP) — ATLANTA (AP) — Coca-Cola Co. (KO) on Wednesday reported third-quarter earnings of $1.45 billion.
The Atlanta-based company said it had profit of 33 cents per share. Earnings, adjusted for non-recurring costs, were 50 cents per share.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share.
The world's largest beverage maker posted revenue of $9.08 billion in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $8.84 billion.
Coke shares have increased 11 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 15 percent. The stock has risen 8.5 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KO at https://www.zacks.com/ap/KO