Q3 Results: Coca-Cola beats forecasts as price hikes pay off, stock jumps 3.5%

Coca-Cola Co. reported third-quarter sales figures that eclipsed Wall Street expectations; This is a strong signal that punters continue to consume the company’s sodas and other beverages despite the high number at the till.

The Atlanta-based beverage company announced a 6 percent organic revenue increase, exceeding the average of analyst forecasts. Additionally, adjusted earnings per share (EPS) also came in above estimates.

At 10:43 a.m. EDT, Coca-Cola shares were up 3.57%, or $2.44, at $70.88.