Today’s quarterly earning report put Coca Cola stocks in a positive light after the beverage mega giant posted earnings slightly higher than expected. While the $0.44 return per share was still lower than the $0.53 from previous reports, it beat expectations by a small $0.02. The result, however, has meant quarterly earnings as a whole exceeded expectations by $100 million for a total of $10.9 billion this past quarter. Aside for raw numbers, investors have been reacting well to CEO Muhtar Kent’s goal for this year of trimming away $3 billion from company expenses this year. Share prices have risen 3.47% so far today on this news, to a total of $42.659 each.
February 10, 2015 – Stock Market News
Today’s quarterly earning report put Coca Cola stocks in a positive light after the beverage mega giant posted earnings slightly higher than expected. While the $0.44 return per share was still lower than the $0.53 from previous reports, it beat expectations by a small $0.02. The result, however, has meant quarterly earnings as a whole exceeded expectations by $100 million for a total of $10.9 billion this past quarter. Aside for raw numbers, investors have been reacting well to CEO Muhtar Kent’s goal for this year of trimming away $3 billion from company expenses this year. Share prices have risen 3.47% so far today on this news, to a total of $42.659 each.
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