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Coca-Cola beats quarterly revenue estimates -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: On October 24, 2018, a Coca-Cola van made its way through Los Angeles. REUTERS/Mike Blake/File photo

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(Reuters) – Coca-Cola’s (NYSE:) Quarterly Revenue Report was released on Thursday. The company beat analyst estimates due to higher soft drink prices and the gradual reopenings of theatres and restaurants around the globe as pandemic-related curbs ease.

The adjusted revenue increased to $9.47 Billion in the fourth quarter ending Dec. 31, from $8.60 Billion a year ago. According to Refinitiv IBES data, analysts had predicted revenue of $8.96 trillion.

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