Shares of Coca-Cola Co. rose to an eight-month excessive earlier than falling on Monday after the beverage large beat expectations for a 14th straight quarter as costs jumped 11% and unit case quantity returned to progress.
Whereas Chief Government Officer James Quincey mentioned on a convention name with analysts after the earnings report that there was “a good quantity of uncertainty” in regards to the working surroundings forward, the robust begin to the yr gave confidence within the firm’s skill to ship on its full-year numbers. administration.
In…
