By Ngai YeungCoca-Cola Co. raised its full-year guidance as shoppers continue to buy beverages despite price increases. The company said that revenue rose 6% to $12 billion in the second quarter, beating analyst expectations of $11.7 billion, according to FactSet. Net income grew 34% to $2.5 billion, or 59 cents a share. Excluding one-time items, Coke earned 78 cents a share, compared with analysts' forecasts of 72 cents a share. Write to Ngai Yeung at Ngai.Yeung@WSJ.com(END) Dow Jones NewswiresJuly 26, 2023 08:19 ET (12:19 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.

Source: Wall Street Journal July 26, 2023 12:37 UTC