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News Watch
- 2/9/2010 8:22:57 AM
By Chip Brian, SmarTrend Analytics Team
2/9/2010- Coca-Cola (NYSE:KO) reported fiscal Q4 EPS of 66 cents, missing the estimates consensus estimates by one penny.
Revenues rose 5% year-over-year to $7.51 billion, topping the consensus estimates of $7.21 billion.
Chairman and CEO Muhtar Kent said, "We ended this year on a high note, delivering global volume and value share gains, comparable currency neutral revenue growth, improved productivity and increased cash flows."
He added, "In a year marked by unprecedented economic uncertainty, our foundation ─ leading brands, unmatched global footprint, great bottling partners and a solid financial position ─ proved that we have the right ingredients for growth even under challenging economic conditions. Early last year we committed to align our Company and our system to emerge from this global crisis stronger. Our performance results for the year underscore that we are doing just that. Now, with our 2020 Vision as our roadmap, we look forward to entering our next decade of growth as we work closely together with our bottling partners to usher in a new era of winning for the Coca-Cola system."
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