No-sugar drinks and innovations power Coke in 3Q

1010 WINS Newsroom
October 18, 2019 - 7:19 am

In this Monday, Oct. 14, 2019 photo a truck with the Coca-Cola logo, behind left, maneuvers in a parking lot at a bottling plant in Needham, Mass. The Coca-Cola Co. reports financial results Friday, Oct. 18. (AP Photo/Steven Senne)

ATLANTA (AP) — Coca-Cola is reporting strong third quarter sales as it makes strides with new drinks like Coca-Cola Plus Coffee and no-sugar drinks.

Revenue jumped 8% to $9.51 billion, edging out Wall Street expectations for $9.48 billion, according to a survey by Zacks Investment Research.

The Atlanta company continues to book double-digit volume growth with drinks like Coca-Cola Zero Sugar.

Coke on Friday reported net income of $2.59 billion, or 60 cents per share. Earnings, adjusted for one-time gains and costs, were 56 cents per share, which is in line with projections from industry analysts.

Shares of Coca-Cola Co. are up 1.5% before the opening bell.

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Portions of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KO at https://www.zacks.com/ap/KO

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