Coca-Cola (KO) Q4 Earnings

Coca-Cola reported quarterly revenue on Tuesday that beat analysts’ expectations, driven by higher prices on its beverages.

Shares of the company rose 1% in premarket trading.

Here’s what the company reported compared to what Wall Street expected, based on a poll of analysts by Refinitiv:

  • Earnings per share: 45 cents adjusted versus 45 cents expected
  • Revenue: $10.13 billion vs. $10.02 billion expected

The beverage giant reported net income for the company of $2.03 billion, or 47 cents per share, in the fourth quarter, down from $2.41 billion, or 56 cents per share, a year ago.

Excluding items, Coke earned 45 cents per share.

Net sales increased 7% to $10.13 billion.

Looking to 2023, Coke is forecasting comparable revenue growth of 3% to 5% and comparable earnings per share growth of 4% to 5%. Wall Street was forecasting revenue growth of 3.9% and earnings per share growth of 3% for the year.

read the Coca-Cola Earnings Report here.

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