Coca-Cola's stock is bucking consumer weakness as it heads toward a record high.
Berkshire's equity portfolio is having a strong year to date performance, led by Apple—its largest holding—and Coca-Cola.
The Coca-Cola Company (NYSE:KO) reported better-than-expected second quarter results on Tuesday and raised its full-year guidance, sending shares up almost 7% in early trading on Tuesday. The beverage maker posted adjusted earnings of $0.97 per share for the quarter, ahead of Wall Street estimates of $0.93 per share.
Coca-Cola raised its annual revenue and profit forecasts on Tuesday. The company reported stronger-than-expected second-quarter earnings.
The soft drink maker reported its second-quarter results ahead of Tuesday's opening bell.
Coca-Cola recorded higher profit and sales in the second quarter, citing better concentrate sales, pricing and product mix.
Coca-Cola on Tuesday raised its annual revenue and profit forecasts, betting on strong demand for its zero sugar beverages as well as its fairlife milk brand in the United States.