Coca-Cola (KO) on Tuesday reported first-quarter sales below analysts' estimates but profit that topped expectations, as the beverage giant navigates tariff uncertainty.

The company said its "comparable," or adjusted, earnings per share came in at $0.73 on revenue that declined 2% year-over-year to $11.1 billion. Analysts expected $0.72 and $11.22 billion, respectively.

"Despite some pressure in key developed markets, the power of our global footprint allowed us to successfully navigate a complex external environment," CEO James Quincey said.

Coca-Cola Says Operations 'Subject to Global Trade Dynamics'

In an update to its full-year outlook, Coca-Cola said that its "operations are primarily local, however, it is subject to global trade dynamics which may impact certain components of the company’s cost structure across its markets. At this time, the company expects the impact to be manageable."

Shares of Coca-Cola were down about 1% shortly after the maꩲrket opened Tuesday. They entered the day up about 15%🐲 since the start of the year.

Earlier this month, 澳洲幸运5官方开奖结果体彩网:analysts from JPMorgan raised their price target for the soda maker's stock, as they said it could see a relatively limited tariff impact and prove to be a "port in a storm" amid market uncertainty. The results follow those of 澳洲幸运5官方开奖结果体彩网:rival PepsiCo (PEP), which posted a mixed report last weꦍek and cut its full-year profit outlꦉook.

UPDATE—This article has been updated with the latest share price information.