Trending: Coca-Cola 4Q Revenue Rises but Profit Slips
February 14 2023 - 9:40AM
Dow Jones News
10:xx ET -- Coca-Cola Co. 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 beverage company on Tuesday reported its
fourth-quarter earnings. Sales rose to $10.1 billion, from $9.47
billion a year ago. Profit fell to $2.03 billion, or 47 cents a
share, from $2.41 billion, or 56 cents a share, a year ago.
Analysts polled by FactSet expected sales of $10 billion and profit
of $1.93 billion. Adjusted earnings on a per-share basis were 45
cents a share, matching analyst expectations. Coca-Cola said higher
prices and product trends boosted sales, while higher input costs,
expenses and a stronger dollar weighed on profit. Dow Jones &
Co. owns Factiva. (ada.hui@wsj.com)
(END) Dow Jones Newswires
February 14, 2023 10:25 ET (15:25 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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