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StockNews.com
Business
Anushka Dutta

Don’t Hesitate to Buy This 1 Stock After Its Earnings Beat

KO CocaCola Company

Beverage industry behemoth The Coca-Cola Company (KO) defied macroeconomic headwinds and delivered impressive third-quarter results. The company’s top line of $11.1 billion beat analysts’ estimate by 5.7%. Its EPS of $0.69 surpassed the consensus estimate by 8.3%.

The company expects to keep this momentum going and has raised its growth expectations. For the fiscal year 2022, KO expects to deliver an organic (non-GAAP) revenue growth of 14% to 15%. It also expects to deliver comparable EPS (non-GAAP) growth of 6% to 7%.

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