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.
14:53 Netflix fueled by original programming, even as its costs hold earnings back, analysts say14
06:13 Pound quivers near three-month low, stocks weak before May's Brexit stance speech19
16:16 Luxottica, Essilor $24 billion merger creates eyewear giant18
05:09 Sterling slides to 3-month lows on 'hard Brexit' fears13