This morning, Coca-Cola (NYSE:KO) reported fourth quarter earnings of $1.71 billion, or 38 cents per share, as revenue slipped to $11.04 billion. Excluding one-time items, the company would have earned 46 cents per share, matching Wall Street estimates. In the report, Coca-Cola said it would expand it cost-cutting program to find another $1 billion in savings by 2016. Investors were selling on the news, as shares of Cola-Cola were lower by more than 2% this morning.
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