Coca-Cola Co. (KO) reported first quarter comparable earnings of $0.46 per share Tuesday morning, which beat the consensus estimate of $0.45. Net operating revenues edged down 1 percent to $11.04 billion, while it beat consensus estimate of $11.02 billion.
Coca-Cola gapped open higher Tuesday and climbed during the first half hour of trade, before settling into a range. The stock closed up by 2.28 at $42.37, with volume at nearly a 7-month high. Coca-Cola has been on an upward trend for the last 2 months and set a new high for the year.
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