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 (NYSE: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.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.