Coca-Cola Underwhelms Investors Seeking Faster Turnaround
- Earnings top analysts' estimates while sales meet projections
- Beverage maker is trimming costs and increasing prices
Coca-Cola Results Leave Investors Thirsting for More
This article is for subscribers only.
Coca-Cola Co. posted first-quarter results that mostly met analysts’ expectations, underwhelming investors who’d been optimistic that a stronger turnaround was taking hold.
Earnings were 45 cents a share, excluding some items, the Atlanta-based company said in a statement on Wednesday. Analysts estimated 44 cents, on average. Sales fell 4 percent to $10.3 billion, matching analysts’ average projection.