The Coca-Cola Company delivered strong fourth quarter operating results and achieved or exceeded the company's full-year guidance in 2017.
The company reported a net loss of $2.75m, or 65 cents per share, compared with net income of $550.0m, or 13 cents per share, for the same period last year. Losses were driven primarily by items impacting comparability, including the impact of the Tax Reform Bill and a one-time net charge of $3.6bn during the quarter.
Shares rose 1.7% in Friday premarket trading after it reported it had delivered broad-based organic revenue (non-GAAP) growth across all operating segments, as well as profit growth.
Adjusted EPS was 39 cents and revenue totalled $7.51bn, down 20% from $9.41bn last year. The FactSet EPS consensus was 38 cents and the revenue consensus was $7.36bn.
James Quincey, President and CEO of The Coca-Cola Company, said: "I am pleased with our accomplishments and results in 2017. We achieved or exceeded our full-year guidance while driving significant change as we continued to transform into a total beverage company. While there is still much work to do, I am encouraged by our momentum as we head into 2018."