{"id":18605,"date":"2022-02-10T08:41:37","date_gmt":"2022-02-10T16:41:37","guid":{"rendered":"https:\/\/marketdepth.com\/?p=18605"},"modified":"2022-02-10T08:41:39","modified_gmt":"2022-02-10T16:41:39","slug":"coca-cola-reports-fourth-quarter-earnings-on-thursday","status":"publish","type":"post","link":"https:\/\/marketdepth.com\/coca-cola-reports-fourth-quarter-earnings-on-thursday\/","title":{"rendered":"Coca-Cola Reports Fourth Quarter Earnings on Thursday"},"content":{"rendered":"\n<p><strong>Coca-Cola (NYSE: KO), <\/strong>reported fourth-quarter earnings on Thursday, ultimately beating analysts estimates. The positive results come as consumers drank more of the company\u2019s beverages away from home, surpassing pre-pandemic levels for the first time. Shares were up over 1% during premarket trading.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\">Higher than Expected<\/h5>\n\n\n\n<p>The American multinational beverage corporation reported earnings of USD0.45 per share, compared to the expected USD0.41 a share. Revenue amounted to USD9.46 Billion, higher than analysts anticipated USD8.96 Billion.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-style-large\"><p>\u201cIn 2021, our system demonstrated resilience and flexibility by successfully navigating through another year of uncertainty. We focused on our key strategies and emerged stronger. We are confident that progress on our strategic transformation has made us a nimbler total beverage company. While the environment remains dynamic, we will build on the momentum from 2021 to drive topline growth and maximize returns.\u201d<\/p><cite>James Quincey, Chairman and CEO of The Coca-Cola Company<\/cite><\/blockquote>\n\n\n\n<p>Nevertheless, the company disclosed a disappointing outlook, as they believe that rising inflation will continue to negatively affect its profits within 2022. Competitor Pepsi also cautioned its investors of rising costs for both packaging and transportation.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\">Shares Up in 2022<\/h5>\n\n\n\n<p>Coke shares have risen 3.1% since the start of 2022 and has a current market cap of USD268.06 Billion.&nbsp;&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"Coca-Cola (NYSE: KO), reported fourth-quarter earnings on Thursday, ultimately beating analysts estimates. The positive results come as consumers drank more of the company\u2019s beverages away from home, surpassing pre-pandemic levels for the first time. Shares were up over 1% during premarket trading. Higher than Expected The American multinational beverage corporation reported earnings of USD0.45 per&#8230; <a class=\"view-article\" href=\"https:\/\/marketdepth.com\/coca-cola-reports-fourth-quarter-earnings-on-thursday\/\">View Article<\/a>","protected":false},"author":3,"featured_media":18468,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"pmpro_default_level":0,"footnotes":""},"categories":[10,31,12,16],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Coca-Cola Reports Fourth Quarter Earnings on Thursday - MarketDepth<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/marketdepth.com\/coca-cola-reports-fourth-quarter-earnings-on-thursday\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coca-Cola Reports Fourth Quarter Earnings on Thursday - MarketDepth\" \/>\n<meta property=\"og:description\" content=\"Coca-Cola (NYSE: KO), reported fourth-quarter earnings on Thursday, ultimately beating analysts estimates. 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