Coca-Cola (KO) is in the midst of a massive reorganization that should provide a boost its business down the road. Unfortunately, its earnings show a company that could remain stuck in place for a while.
Coca-Cola reported a profit of 43 cents a share, missing forecasts for 44 cents, on sales of $9.1 billion, beating expectations for $8.9 billion. Coke also said that earnings could fall 1% to 3% in 2016. The company said that it would cut its corporate staffing by about 20%, as it seeks to cut costs.
Wells Fargo’s Bonnie Herzog sees “limited near-term upside” in shares of Coca-Cola. She explains why:
April 26, 2017 at 12:18AM
from Ben Levisohn
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