Coca-Cola's Third Quarter Profit is 3.7 Billion Dollars.

Coca-Cola's Third Quarter Results

Coca-Cola Company (KO) announced its third quarter results for 2023. The company reported a profit of 3.7 billion dollars during this period. The net income per share was announced as 86 cents. Considering one-time gains and costs, the adjusted earnings were determined to be 82 cents.

These results surpassed Wall Street expectations. According to an analysis by Zacks Investment Research, the average estimate of eight analysts was 78 cents.

On the other hand, the world's largest beverage producer Coca-Cola reported a total revenue of 12.46 billion dollars for the third quarter. However, the adjusted revenue was recorded as 12.41 billion dollars, which fell short of Wall Street estimates. Zacks surveyed six analysts who forecasted revenue of 12.43 billion dollars.