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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Coca Cola Company | NYSE:KO | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.07 | -0.11% | 61.48 | 62.59 | 61.37 | 61.78 | 19,098,537 | 00:59:01 |
By Colin Kellaher
Coca-Cola Co. on Tuesday said foreign-exchange gave a boost to earnings in the third quarter but will likely weigh on results next year.
The Atlanta soft-drinks giant said its third-quarter adjusted per-share earnings rose 18%, including the impact of a 3-point currency tailwind.
The company said its consolidated operating income rose 26%, including items impacting comparability and a 4-point currency tailwind.
Looking ahead, Coca-Cola said it expects full-year adjusted EPS growth of 15% to 17%, reflecting a 2% to 3% currency tailwind based on current rates and including the impact of hedged positions.
For 2022, Coca-Cola said it expects comparable net revenue and adjusted EPS to include a roughly 2% to 3% currency headwind based on current rates and including the impact of hedged positions.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
October 27, 2021 09:48 ET (13:48 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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