Earnings

Coca-Cola (KO) Q4 2020 earnings beat

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A delivery truck driver unloads Coca-Cola Co. soft drinks in Lawrenceburg, Kentucky, U.S., on Monday, Feb. 10, 2020.

Luke Sharrett | Bloomberg | Getty Images

Coca-Cola on Wednesday said that the coronavirus pandemic is still hurting its sales, but cost-cutting efforts helped it top analysts’ earnings estimates.

The company also released its first forecast since the crisis hit its business. Analysts appear to be more optimistic than the Sprite owner about the speed of its recovery.

Shares of the company rose 2% in premarket trading.

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

  • Earnings per share: 47 cents, adjusted,…



Source cnbc.com

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