RTTNews | Apr 19, 2021 07:01AM EDT

07:00 Monday, April 19, 2021 (RTTNews.com) - The Coca-Cola Company (KO) revealed earnings for first quarter that declined from the same period last year.

The company's profit came in at $2.25 billion, or $0.52 per share. This compares with $2.78 billion, or $0.64 per share, in last year's first quarter.

Excluding items, The Coca-Cola Company reported adjusted earnings of $2.40 billion or $0.55 per share for the period.

Analysts had expected the company to earn $0.50 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.9% to $9.02 billion from $8.60 billion last year.

The Coca-Cola Company earnings at a glance:

-Earnings (Q1): $2.40 Bln. vs. $2.21 Bln. last year.-EPS (Q1): $0.55 vs. $0.51 last year.-Analysts Estimate: $0.50-Revenue (Q1): $9.02 Bln vs. $8.60 Bln last year.

Read the original article on RTTNews ( https://www.rttnews.com/3185903/the-coca-cola-company-q1-adjusted-earnings-beat-estimates.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved