Coca-Cola shares surge 7% as earnings beat lifts outlook
Coca-Cola shares surged 6.9% to $89.89 on Tuesday, touching a 52-week high of $90.01 after the beverage giant raised its full-year forecasts and beat second-quarter estimates, supported by resilient US demand and a FIFA World Cup sales boost, according to a Reuters report.Coca-Cola lifted its 2026 organic revenue growth forecast to about 5% from 4%–5% and raised its comparable earnings-per-share growth outlook to 9%–10% from 8%–9%.The second-quarter net revenue rose 7% to $13.37 billion, ahead of analysts’ estimate of $13.16 billion, while organic revenue grew 6% according to LSEG data. Growth