Reuters

Coca-Cola gets boost from rising soda demand, lifts profit forecast

The beverage giant’s shares rose 3% in premarket trading as it also beat estimates for third-quarter revenue and profit. Coca-Cola’s revenue rose 16% to $10.04 billion in the quarter, as the reopening of public venues such as theaters, stadiums and restaurants across the world led to a rebound in demand for its soft drinks. Unit case volumes, a key indicator of demand, rose 6% in the reported quarter, with Europe, Middle East, Africa and Latin America markets being their major drivers.

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