Coke: 4Q Earnings Snapshot
01/30/2020 | 07:07am EST
ATLANTA (AP) _ Coca-Cola Co. (KO) on Thursday reported fourth-quarter profit of $2.04 billion.
On a per-share basis, the Atlanta-based company said it had profit of 47 cents. Earnings, adjusted for non-recurring gains, came to 44 cents per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share.
The world's largest beverage maker posted revenue of $9.07 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $8.91 billion.
Coke expects full-year earnings to be $2.25 per share.
Coke shares have increased 3% since the beginning of the year, while the Standard & Poor's 500 index has risen slightly more than 1%. The stock has climbed 20% in the last 12 months.