Tuesday, February 14, 2023

Coca-Cola Q4 Profit Down 16%, But Meets Estimates

Beverages giant Coca-Cola Co. (KO) reported Tuesday a profit for the fourth quarter that declined 16 percent from last year, reflecting steeply lower other income and higher interest expense, despite a 7 percent revenue growth. Adjusted earnings per share met analysts' expectations, while quarterly revenues topped it. The company also initiated guidance for the full-year 2023.

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