Why Coca-Cola Stock Jumped Today
Coca-Cola (KO 4.72%) stock posted substantial gains in Tuesday's trading. The beverage giant's share price ended the session up 4.7% in a day of trading that saw the S&P 500's (^GSPC 0.03%) level wind up approximately in line with yesterday's close.Coca-Cola reported its fourth quarter results before the market opened this morning and posted results that beat the average Wall Street targets. The company recorded non-GAAP (generally accepted accounting principles) adjusted earnings per share of $0.55 on sale ...