Company News: Coca-Cola (KO) quarterly results beat analysts’ expectations

Market news

16 February 2018

Company News: Coca-Cola (KO) quarterly results beat analysts’ expectations

Coca-Cola (KO) reported Q4 FY 2017 earnings of $0.39 per share (versus $0.37 in Q4 FY 2016), beating analysts' consensus estimate of $0.38.

The company's quarterly revenues amounted to $7.512 bln (-20.2% y/y), beating analysts' consensus estimate of $7.361 bln.

The company issued upside guidance for FY2018, projecting EPS +8-10% to $2.06-2.10 (versus analysts' consensus estimate of $1.99) and 4% growth in organic revenues.

KO rose to $46.06 (+2.86%) in pre-market trading.

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