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Trending: Coca-Cola Reports Decline in 4Q Earnings But Better-Than-Expected Revenue

10:03 ET -- Coca-Cola is one of the most mentioned companies in the U.S. across all news items in the last 12 hours, according to Factiva data. The company reported fourth-quarter net income of $1.97 billion, or 46 cents a share, down from $2.03 billion, or 47 cents a share, in the year-ago period. Adjusted earnings per share of 49 cents were in line with the estimate of analysts polled by FactSet. Revenue grew 7.2% to $10.85 billion, above the FactSet consensus of $10.68 billion, as price and mix increased 9% and concentrate sales rose 3%. For 2024, the company expects EPS growth of 8% to 10% and adjusted EPS growth of 4% to 5%. The current FactSet consensus estimate for adjusted EPS is $2.81. Coca-Cola also expects to deliver organic revenue growth of 6% to 7%. Dow Jones & Co. owns Factiva. (


(END) Dow Jones Newswires

February 13, 2024 10:19 ET (15:19 GMT)

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