Coca-Cola Q4 Profit Slightly Beats View, But Revenue Misses (KO)
The world’s largest beverage company, The Coca-Cola Company (KO), reported early on Tuesday a mixed fourth-quarter earnings report that saw both profit and revenue rise, but only adjusted net beat the Wall Street view.
The Atlanta, Georgia-based company reported a fourth-quarter net income of $1.87 billion, or 41 cents per share, up about 13% from $1.66 billion, or 36 cents per share, in the year ago quarter. On an adjusted basis the company reported earnings of $2.05 billion, or 45 cents per share.
Revenue for the fourth-quarter came in at $11.46 billion, up from $11.04 billion a year earlier.
These results were mixed, with adjusted EPS beating the view but revenue missing. Analysts polled by Thomson Reuters were expecting earnings of 44 cents per share on revenue of $11.54 billion.
Coca-Cola shares were down slightly during pre-market trading on Tuesday.
The Bottom Line
Shares of Coca-Cola (KO) have a dividend yield of 2.64% based on last night’s closing price of $38.61 and the company’s annualized dividend payout of $1.02 per share.
The Coca-Cola Company (KO) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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