Market Overview

UPDATE: Coca-Cola Posts Drop In Q4 Net Profit

Share:
Related KO
Susquehanna 'Skeptical' On Monster, Initiates With Neutral Rating
The Susquehanna Note Moving Green Mountain Shares Up
5 Top IBD 50 Stocks Stay On Course Despite Sell-Off (Investor's Business Daily)

Coca-Cola Co (NYSE: 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.

Posted-In: profitEarnings News

 

Related Articles (KO)

Around the Web, We're Loving...