Coca-Cola earnings report for the fourth quarter of 2018 has KO stock down on Thursday.
Let’s get right to it. A poor outlook for the full year of 2019 is likely what has Coca-Cola (NYSE:KO
) stock down today. The company is expecting earnings per share for the year to range from 1% below or above $2.08. That bad news for KO stock with Wall Street looking for earnings per share of $2.22 for the full year of 2018.
Coca-Cola’s outlook in its most recent earnings report also has the company expecting organic revenue growth of 4% for the full year of 2019. It is also expecting to deal with a 3% to 4% currency headwind for its comparable net revenues in 2019.
The poor outlook in the Coca-Cola earnings report for the fourth quarter of 2018 drags down otherwise solid results. This includes earnings per share for the quarter coming in at . That’s above its earnings per share of 39 cents from the same time last year. It also matches Wall Street’s earnings per share estimate for the quarter.
The Coca-Cola earnings earnings report for the fourth quarter of the year also includes revenue of $7.06 billion. This is down from its revenue of $7.51 billion for the fourth quarter of 2017. However, it was still above analysts’ revenue estimate of $7.03 billion for the quarter, but that wasn’t able to stop KO stock from falling today.
KO stock was down 7% as of Thursday morning.
As of this writing, William White did not hold a position in any of the aforementioned securities.
