Coca-Cola (KO) Earnings Q3 2019

Coca-Cola on Friday reported quarterly revenue topping analysts' expectations as more customers are drawn to healthier alternatives, such as Zero Sugar soda and smaller size boxes.

The shares of the company jumped 1.6% in trading in the premarket.

"Our results give us confidence that our strategies address our consumers, customers and system," said CEO James Quincey in a statement.

Here's what the company reported compared to what Wall Street expected, based on a survey by Refinitive analysts:

• Earnings per share: $ 56, adjusted, against $ 56 expected
• Revenue: $ 9.5 billion against $ 9.4 billion expected

Coke reported net income in the third quarter of $ 2.6 billion, or $ 0.60 per share, up from $ 1[ads1].8 billion, or $ 0.44, a year earlier.

Excluding commodities, the beverage giant earned 56 cents per share, in line with the 56 cents per share that analysts asked of Refinitive.

Net sales rose 8% to $ 9.5 billion, topping expectations of $ 9.4 billion.

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