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The Coca-Cola Company (NYSE:KO) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 0.36%.
The Coca-Cola Company Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 11.76% to $0.45 in the quarter versus EPS of $0.39 in the year-earlier quarter.
Revenue: Rose 3.76% to $11.46 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: The Coca-Cola Company reported adjusted EPS income of $0.45 per share. By that measure, the company beat the mean analyst estimate of $0.44. It missed the average revenue estimate of $11.54 billion.
Quoting Management: The Coca-Cola Company today reported full-year and fourth quarter 2012 results. Muhtar Kent, Chairman and Chief Executive Officer of The Coca-Cola Company said, “We are pleased with our results we announced today. In a year marked by continued uncertainty in the global economy, we delivered solid volume, revenue and profit growth, and we realized further volume and value share gains in nonalcoholic ready-to-drink beverages. The Coca-Cola Company has consistently delivered quality results and met or exceeded its long-term volume, revenue and profit growth targets every year since the announcement of our 2020 Vision at the end of 2009. This reflects the commitment of our entire system to invest together for a better tomorrow and to sustainably create shared value while making a positive difference in the communities we serve. Together we are delivering on our priorities and achieving success.”
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