Coca-Cola Co. shares rose 1.7% in Friday premarket trading after the beverage company reported fourth-quarter earnings and sales that beat expectations. Coca-Cola reported a net loss of $2.75 million, or 65 cents per share, compared with net income of $550.0 million, or 13 cents per share, for the same period last year. Losses were driven primarily by items impacting comparability, including the tax overhaul. Adjusted EPS was 39 cents. Revenue totaled $7.51 billion, down 20% from $9.41 billion last year. The FactSet EPS consensus was 38 cents and the revenue consensus was $7.36 billion. Coca-Cola says it will have a 26% headwind in the first quarter from acquisitions, divestitures and structural items. Coca-Cola shares are down 3.8% for the last three months, but up 8.7% for the past year. The Dow Jones Industrial Average is up 22.2% for the last 12 months.
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