Delicate drink large The Coca-Cola Firm (NYSE: KO) reported a rise in adjusted earnings for the fourth quarter of 2023. Earnings matched analysts’ estimates, whereas revenues beat.
Earnings, adjusted for particular objects, superior to $0.49 per share within the December quarter from $0.45 per share a yr earlier and matched expectations. Web revenue attributable to shareowners, on an unadjusted foundation, declined modestly to $1.97 billion or $0.46 per share in This fall from $2.03 billion or $0.47 per share within the year-ago interval.
The rise in adjusted revenue displays a 7% development in fourth-quarter revenues to $10.85 billion. Analysts have been in search of a smaller top-line development.
“As we start a brand new yr, we’re assured that our all-weather technique, highly effective portfolio, and harmonized system will proceed to create worth for our stakeholders in 2024 and for the long run,” stated Coca-Cola’s CEO James Quincey.
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