Jim Cramer's Reaction to Coca-Cola's Earnings
Coca-Cola released earnings before the bell Thursday.
TheStreet's Martin Baccardax reported that Coca-Cola posted fourth quarter profits that were largely in-line with analysts' forecast, but noted that 2019 organic revenue growth would slow and comparable earnings would likely remain flat thanks, in part, to a stronger U.S. dollar.
Coca-Cola said earnings for the three months ending in December came in at 43 cents per share, rising 9% from the same period last year and matching the Street consensus forecast.
Group revenues, Coca-Cola said, fell 6% to $7.1 billion and narrowly beat the consensus estimate of $7.06 billion.