Coca-Cola revenue rises in fourth quarter, fueled by higher prices

Coca-Cola on Tuesday reported quarterly revenue that beat analysts’ expectations, driven by higher prices on its drinks.

Shares of the company rose less than 1% in premarket trading.

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

• Earnings per share: 45 cents adjusted vs. 45 cents expected
• Revenue: $10.13 billion vs. $10.02 billion expected

The beverage giant reported fourth-quarter net income attributable to the company of $2.03 billion, or 47 cents per share, down from $2.41 billion, or 56 cents per share, a year earlier.

Excluding items, Coke earned 45 cents per share.

Net sales rose 7% to $10.13 billion.