Shares of Coca-Cola (KO) closed 1.3% higher on Wednesday and gained another 0.23% in the extended trading hours after the company reported strong second-quarter 2021 financial results. Coca-Cola’s product portfolio includes energy drinks, dairy and plant-based beverages, juices, sports drinks, soft drinks and water. Net revenues grew 42% year-over-year to $10.1 billion, surpassing the Street’s estimates of $9.25 billion. The growth was driven by the recovery in COVID-19 pandemic-impacted markets. Adjusted earnings per share (EPS) increased 61% year-over-year to $0.68, beating analysts’ expectations of $0.55.
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Coca Cola (NYSE:KO)
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