Why Did Coca-Cola Stock Fall After Topping Revenue & Optimistic Outlook?
Coca-Cola (KO) reported solid 4th quarter earnings yesterday along with an updated 2023 outlook that should have investors (or potential investors) excited. The company saw a 7% increase in revenue during the 4th quarter - up to $10.13 billion. This beat analyst estimates of $10 billion. This was largely driven by an increase in [...]