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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Coca-Cola Earnings And Revenue Fall 0 comments
    Apr 15, 2014 11:07 AM | about stocks: KO, GMCR

    Originally published at

    The Coca-Cola Company (NYSE:KO) announced its financial results for the first fiscal quarter 2014, reporting earnings and revenue that fell from the year-ago quarter. The worldwide beverage giant posted revenue of $10.58B, a 4% decrease from the year before but surpassing analyst expectations of $10.55B. Earnings fell from $1.75B and $0.39 per share to $1.62B and $0.36 per share, with adjusted earnings per share of $0.44 per share meeting analyst predictions. The company is optimistic about its performance and future progress, taking strategic steps now for future success. In February the company spent $1.25B for a 10% minority stake in Green Mountain Coffee (NASDAQ:GMCR) with plans to provide consumers, by 2015, single servings of Coke through Green Mountain's cold beverage Keurig system. CEO Muhtar Kent is pleased with the company's growth momentum and remains focused to increase the appeal of its brand around the world.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: KO, GMCR
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