UPDATE: Coca-Cola Posts Higher Q4 Earnings
Coca-Cola Co (NYSE: KO) reported better-than-expected fourth-quarter earnings.
Coca-Cola's quarterly net income surged to $1.87 billion, or $0.41 per share, from $1.66 billion, or $0.36 per share, in the year-ago period. Excluding one-time items, it earned $0.45 per share, beating analysts' estimates of $0.44 per share.
Its revenue gained 4% to $11.46 billion, versus expectations of $11.53 billion.
Coca-Cola shares dropped 0.21% to $38.51 in pre-market trading.
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