Coca-Cola Co. posted quarterly profit that beat Wall Street expectations as price-conscious consumers continued to purchase the company’s beverages despite worsening sentiment.
The Atlanta-based maker of Sprite, Fanta and Minute Maid posted first-quarter earnings per share of 73 cents, above the average analyst estimate. The company also said it expects tariff impacts to be manageable.
The shares rose 1% at 7:06 a.m. in early trading in New York. The stock has climbed 15% this year through Monday’s close, outpacing the S&P 500 Index and hovering near its record high.
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