Coca-Cola on Thursday reported quarterly earnings that were in line with analysts’ expectations.
Shares of the company dropped 1 percent in premarket trading.
Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:
- Earnings per share: 43 cents vs. 43 cents expected
- Revenue: $7.06 billion vs. $7.04 billion expected
The soda giant reported fiscal fourth-quarter net income of $870 million, or 20 cents per share, up from a loss of $2.75 billion, or 65 cents per share, a year earlier.
Excluding items, Coke earned 43 cents per share, in line with the consensus estimates from Refinitiv.
Net sales dropped 6 percent to $7.06 billion, topping expectations of $7.04 billion.
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