Coca-Cola announced that it earned $1.87 billion, or 41 cents per share, during the fourth quarter, up from $1.66 billion, or 36 cents per share, in the same period last year. Excluding one time items, earnings were 45 cents per share, beating analyst estimates by 1 cent. Revenue increased by 4 percent to $11.46 billion, while analysts were expected $11.53 billion.
Shares are slightly lower in early trading.
Rival PepsiCo (NASDAQ:PEP) will announce earnings this Thursday, February 14th, with analyst expecting the company to report earnings of $1.05 per share, 8.7% less than the $1.15 per share it earned during the same period last year.
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