Tailing its lover PepsiCo, the red-giant Coca-Cola announced its fourth quarter results on Friday — the week that has Valentine’s day in it.
Much like Pepsi, The Coca-Cola Company saw net revenue dip 20% to $7.51 billion. Net loss was $2.75 billion or $0.65 per share, with the respite of adjusted EPS improving 5.4% to $0.39.
FY 2018 Outlook
The iconic beverage brand now expects its non-GAAP organic revenue to grow 4% in the coming year. Non-GAAP EPS from continuing operations is touted to grow 8% to 10% as opposed to $1.91 in 2017. Coca-Cola expects about $1.9 billion in capital expenditures, excluding discontinued operations, in FY 2018.
Q1 2018 Outlook
For the first quarter of 2018, The Coca-Cola Company expects deals and transactions to push net revenues down 26% on a non-GAAP basis.
Last month, the IPO market was in a full swing. IPOs of Snowflake (NYSE: SNOW) and JFROG (NASDAQ: FROG) had an impressive opening day in September, the former creating a
PepsiCo Inc. (NASDAQ: PEP) beat market expectations on both revenue and earnings for the third quarter of 2020. The company saw the momentum continue in its snacks business while the
With more and more people turning to virtual entertainment sources, amid the virus-related movement restrictions, video game publishers like Electronic Arts (NASDAQ: EA) are witnessing unusually high demand. Not surprisingly,