Investing.com - The Coca Cola Company (NYSE:KO) reported lower than expected third quarter earnings and revenue figures early on Tuesday, sending its shares lower in pre-market trade.
Coca Cola said adjusted earnings per share came in at $0.53, below forecasts for earnings of $0.54 per share.
The beverage giant’s third quarter revenue totaled $11.98 billion, missing expectations for revenue of $12.12 billion.
Immediately after the earnings announcement, KO shares slumped 2.6% in trading prior to the opening bell.
Meanwhile, the outlook for U.S. equity markets was upbeat. The Dow futures indicated a gain of 0.45% at the open, the S&P 500 futures pointed to a rise of 0.65%, while Nasdaq 100 futures tacked on 0.8%.