Investing.com - The Coca-Cola Company (NYSE:KO) reported better than expected second quarter earnings, despite missing on revenue figures, it announced early Tuesday.
Coca-Cola said adjusted earnings per share came in at 64 cents, above forecasts for earnings of 63 cents per share.
The beverage giant’s second quarter revenue totaled $12.57 billion, missing expectations for revenue of $12.83 billion.
Worldwide volume growth came in at 3% in the quarter, while worldwide sparkling volume growth accelerated to 2% in the quarter, with brand Coca-Cola up 1% both globally and in North America.
Muhtar Kent, Chairman and Chief Executive Officer of The Coca-Cola Company said, “As we now reach the midpoint of the year, we have delivered sound financial performance year to date and demonstrated sequential improvement in our global volume growth.”
Immediately after the earnings announcement, Coca-Cola (NYSE:KO) shares dipped 0.1% in trading prior to the opening bell.
Meanwhile, the outlook for U.S. equity markets was upbeat. The Dow indicated a gain of 0.25% at the open, the S&P 500 pointed to a rise of 0.2%, while Nasdaq 100 tacked on 0.3%.