2/10/2022, 1:34 PM (Source: TeleTrader)
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Coca-Cola Q4 EPS up 65% to $0.56

The Coca-Cola Co. reported its fourth-quarter net revenue increased 10% on a yearly basis, reaching $9.5 billion, while net income jumped 66% to $2.4 billion and the earnings per share (EPS) grew 65% to $0.56. In the full-year 2021, revenue rose by 17% compared to 2020 to $38.6 billion, income was up 26% to $9.8 billion, with the EPS also gaining 26% and landing at $2.25.

The company expects organic revenue growth of 7% to 8%, with "a 2% to 3% currency headwind based on the current rates and including the impact of hedged positions, in addition to a 3% tailwind from acquisitions." It also predicts currency-neutral EPS growth of 8% to 10% and comparable EPS growth of 5% to 6%, versus $2.32 in 2021.

Shares of Coca-Cola traded 1.23% higher premarket after the earnings release.

Baha Breaking News (BBN) / DJ