Coca-Cola Shares Up 3% After Company Beat Fourth Quarter Expectations

Coca-Cola Company shares were up 3% in pre-market trade Tuesday after the company beat earnings expectations. The company reported net income of $771 million, or 17 cents a share, down from $1.708 billion, or 38 cents per share in the year-earlier period. The company reported adjusted earnings per share of 44 cents, above the FactSet consensus of 42 cents. Coca-Cola reported sales of $10.87 billion, down from $11.04 billion in the year-earlier period but above the FactSet consensus of $10.758 billion.