On July 28, Coca-Cola rose 3.51% in pre-market trading, trading at approximately $87.01/share, with turnover of $7.59 million.

The movement was driven by Coca-Cola reporting Q2 adjusted EPS of $0.97, beating the analyst consensus estimate of $0.93 by 4.3%, and representing an 11.49% year-over-year increase from $0.87 per share in the same period last year. Revenue came in at $13.4 billion, also exceeding the $13.162 billion estimate.

Notably, the company raised its full-year outlook, now expecting comparable EPS growth of 9% to 10%, up from the prior forecast of 8% to 9%. The results also came amid a ransomware attack on its fairlife dairy subsidiary that temporarily halted production, though Coca-Cola stated the incident is not expected to have a material financial impact as the majority of operations have since resumed. Coca-Cola shares have gained over 19% year-to-date, outpacing the S&P 500's 8% advance.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)