UPDATE: Coca-Cola Posts Drop In Q4 Net Profit

Coca-Cola Co KO reported a drop in its fourth-quarter net profit. Coca-Cola's quarterly profit declined to $1.71 billion, or $0.38 per share, versus a year-ago profit of $1.87 billion, or $0.41 per share. Its adjusted profit came in at $0.46 per share. Its revenue slipped to $11.04 billion versus $11.46 billion. However, analysts were projecting earnings of $0.46 per share on revenue of $11.31 billion. Coca-Cola shares fell 0.67% to $38.67 in pre-market trading.