NEW YORK (Reuters) - Coca-Cola Co reported better-than-expected quarterly results and announced a new cost-savings program on Tuesday, helping to send shares in the world's top soft drinks maker up 1 percent in premarket trading.
Net income was $1.65 billion, or 72 cents per share, in the fourth quarter, down from $5.77 billion, or $2.46 per share, a year earlier, when the company recorded a gain related to the acquisition of its North American bottling operations.
Excluding items, earnings were 79 cents per share in the latest quarter, beating the average estimate of 77 cents a share, as compiled by Thomson Reuters I/B/E/S.
Revenue rose 5 percent to $11.04 billion, compared with the average estimate of $10.99 billion.
The company also announced a new productivity program aimed at generating $550 million to $650 million by the end of 2015.
Shares rose to $68.54 in premarket trade, from their close on Monday at $68.03 on the New York Stock Exchange.
(Reporting By Martinne Geller in New York; Editing by Maureen Bavdek and Derek Caney)
Relacionados
- La coalición de Gobierno griega pospone hasta mañana una reunión crucial
- El presidente del Deutsche Bank advierte del efecto de la insolvencia griega
- Ackermann alerta contra las consecuencias de una eventual insolvencia griega
- El Eurogrupo celebra hoy una teleconferencia sobre la deuda griega
- Deutsche Bank entra en pérdidas por la deuda griega
