07:37 AM EDT, 10/23/2024 (MT Newswires) -- Coca-Cola (KO) reported fiscal Q3 comparable net income Wednesday of $0.77 per diluted share, up from $0.74 a year earlier.

Analysts polled by Capital IQ expected $0.75.

Net operating revenue for the quarter ended Sept. 27 was $11.85 billion, down from $11.95 billion a year earlier. Analysts surveyed by Capital IQ expected $11.61 billion.

The company maintained its 2024 outlook for comparable EPS growth of 5% to 6%, versus $2.69 in 2023. Analysts surveyed by Capital IQ expect $2.85.

The soft drinks giant said it now expects 2024 organic revenue growth of around 10%.

Coca-Cola shares were 2% lower in premarket trading.

Price: 68.00, Change: -1.45, Percent Change: -2.09