• Company News: Coca-Cola Co (KO) quarterly results match analysts’ expectations

Market news

14 February 2019

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

Coca-Cola Co (KO) reported Q4 FY 2018 earnings of $0.43 per share (versus $0.39 in Q4 FY 2017), in line with analysts’ consensus estimate.

The company’s quarterly revenues amounted to $7.100 bln (-5.5% y/y), generally in line with analysts’ consensus estimate of $7.096 bln.

The company also issues guidance for Q1, projecting revenues of +6-7% to approximately $8.08-8.15 bln (versus analysts’ consensus estimate of $7.74 bln).

For FY 2019, it forecast EPS of (1%) - 1% to approximately $2.06-2.10 (versus analysts’ consensus estimate of $2.22) and revenues of +3-4% to approximately $32.9-33.2 bln (versus analysts’ consensus estimate of $33.51 bln).

KO fell to $48.00 (-3.60%) in pre-market trading.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.