00:00It's Benzinga bringing Wall Street to Main Street.
00:02Coca-Cola shares rose on Wednesday after the company beat profit expectations and
00:06reaffirmed confidence in steady growth, according to Benzinga.
00:10The beverage giant reported fourth quarter adjusted earnings of $0.58 per share,
00:15topping estimates of $0.56, while revenue of $11.80 billion missed expectations of $12.026
00:23billion. The company expects fiscal 2026 organic revenue growth of 4% to 5% and adjusted EPS of
00:32$3.21 to $3.24, compared with estimates of $3.23. BFA Securities reiterated a buy rating with an $85
00:43price target, citing improving volumes and margin expansion. Shares rebounded during the session,
00:49but closed lower as investors weighed weaker price and mixed performance and a softer earnings
00:54outlook. For all things money, visit Benzinga.com.
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