Coca-Cola tops Wall Street estimates for Q4

The Coca-Cola Company (KO) reported its fourth quarter financial results before the opening bell on Wall Street on Thursday. The US beverage company topped analyst forecast, posting solid results for the last quarter of 2021.

Total revenue reported at $9.47 billion vs. $9.005 billion estimate.

Earnings per share reported at $0.45 a share vs. analyst expectation of $0.41 a share.

”In 2021, our system demonstrated resilience and flexibility by successfully navigating through another year of uncertainty,” said James Quincey, Chairman and CEO of The Coca-Cola Company.

”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,” Quincey added.

The Coca-Cola Company chart (weekly)

Shares of Coca-Cola little changed following the latest financial results, down by 0.10% at $62.07 a share. Here is how the stock has performed in the past year –

• 1 Month: +0.23%
• 3 Month: +7.58%
• Year-to-date: +3.09%
• 1 Year: +21.35%

Coca-Cola is the 33^rd largest company in the world, with a total market cap of $263.65 billion.

You can trade The Coca-Cola Company (KO) and many other stocks from the NYSE, NASDAQ, HKEX and the ASX with GO Markets as a Share CFD.

Sources: The Coca-Cola Company, TradingView, CompaniesMarketCap