Inside KO’s Earnings
The company reported net income of $770 million, or 17 cents per share, down from $1.71 billion, or 38 cents per share. Excluding special items, earnings were 44 cents per share – above analysts’ view of 42 cents.
Sales for the quarter totaled $10.87 billion, down from $11.04 billion last year. Analysts expected to see revenue of $10.76 billion.
Consistent Dividend Payer, but Little Growth
With its dividend yield around 2.85%, this stock is ideal for investors who are primarily focused on income. Other than its attractive dividend yield, there are few catalysts for Coca-Cola.
Mutual Funds to Watch
|VTSMX||Vanguard Total Stock Market Index||1.52%|
|VFINX||Vanguard 500 Index||0.98%|
|VIGRX||Vanguard Growth Index||1.95%|
The Bottom Line
Sign up for Advisor Access
Receive email updates about best performers, news, CE accredited webcasts and more.