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13.02.2024
Company news: Coca-Cola’s (KO) quarterly earnings match analysts' estimates
Coca-Cola (KO) reported Q4 FY2023 earnings of $0.49 per share (versus $0.45 per share in Q4 FY2022), matching analysts’ consensus estimate of $0.49 per share.
The company’s quarterly revenues amounted to $10.800 bln (+6.9% y/y), beating analysts’ consensus estimate of $10.677 bln.
The company also issued in-line guidance for FY2024, seeing EPS growth of 4-5% y/y, which equates to $2.80-$2.82 versus analysts’ consensus estimate of $2.81. In addition, it said it expects to deliver organic revenue growth of 6-7% y/y in FY2024.
KO rose to $59.81 (+0.18%) in pre-market trading.
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