Categories AlphaGraphs, Consumer, Earnings
Coca-Cola (KO) stock gains on stronger-than-expected earnings
The Coca-Cola Company (NYSE: KO) reported fourth-quarter 2020 financial results before the regular market hours on Wednesday. The beverage manufacturer reported fourth-quarter revenue of $8.61 billion, down 5% year-over-year, and below the Wall Street projection. Net income of $0.47 per share was, meanwhile, higher than what analysts had anticipated.
KO shares rose 2% immediately following the announcement. The stock has declined 16% over the past 12 months.
Prior performance
Most Popular
United Parcel Service (UPS) seems on track to regain lost strength
Cargo giant United Parcel Service, Inc. (NYSE: UPS) ended fiscal 2023 on a weak note, reporting lower revenues and profit for the fourth quarter. The company experienced a slowdown post-pandemic
IPO Alert: What to look for when Boundless Bio goes public
Boundless Bio is preparing to debut on the Nasdaq stock market this week, and become the latest addition to the list of biotech firms that have launched IPOs this year.
Nike (NKE) bets on innovation and partnerships to return to high growth
Sneaker giant Nike, Inc. (NYSE: NKE) has been going through a rough patch for some time, with sales coming under pressure from weak demand and rising competition. Post-pandemic, the company