Facing challenges from foreign exchange rates, reduced demand for carbonated beverages and bumpy markets in Europe and China, Coca-Cola still managed to increase its fourth-quarter profit, the company said Tuesday.
Net income was $1.87 billion, or 41 cents a share, compared with $1.66 billion, or 36 cents a share, in the period a year earlier.
Revenue rose 4 percent, to $11.46 billion.
“In some of the key markets in Europe, sales were down more than expected, and I think that’s got people spooked a bit,” said Jack Russo, a stock analyst at Edward Jones. “Consumers there are in a fragile state, and cold weather was an issue, too.”
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