Coca-cola reports third quarter results; updates full year guidance

Coca-cola reports continued strong results in third quarter; updates full year guidance.q3 non-gaap earnings per share $0.56.q3 earnings per share estimate $0.56 -- refinitiv ibes data.q3 earnings per share $0.60.q3 revenue $9.5 billion versus refinitiv ibes estimate of $9.43 billion.qtrly organic revenues (non-gaap) grew 5%.sees at least 5% growth in organic revenues (non-gaap) in 2019.qtrly unit case volume grew 2%.sees at least 12% growth in comparable currency neutral net revenues (non-gaap) in 2019.coca-cola - for fy, sees 12% to 13% growth in comp currency neutral operating income (non-gaap), including low single-digit tailwind from structural items.coca-cola - for 2019, sees comparable net revenue (non-gaap): 4% to 5% currency headwind based on current rates & including impact of hedged positions.qtrly comparable eps was impacted by a 6% currency headwind.for 2020, sees comp net revenue (non-gaap): 1% to 2% currency headwind based on current rates & including impact of hedged positions.coca-cola - for 2020, sees comp operating income (non-gaap): 2% to 3% currency headwind based on current rates & including impact of hedged positions.sees 2019 capital expenditures of about $2.2 billion.fy2019 earnings per share view $2.11, revenue view $37.00 billion -- refinitiv ibes data.fy2020 revenue view $38.68 billion -- refinitiv ibes data.
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