Top
Coca-Cola shares drop after weak earnings outlook

Coca-Cola shares drop after weak earnings outlook

February 14, 2019

Via: CNBC

Coca-Cola on Thursday reported quarterly earnings that were in line with analysts’ expectations for the year, but fell short in their expected earnings for 2019.

Shares of the company dropped 2 percent in premarket trading.

The company expects that in 2019 its earnings per share could fall or rise by 1 percent. Wall Street was forecasting Coke to earn $2.23 per share in 2019. The beverage giant earned $2.08 per share in 2018.

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

Read More on CNBC