In what would be its final such forecast, the soft drinks group said that its earnings outlook for the current fiscal year was unchanged and added that it was comfortable with the current range of profit forecasts for 2003. Analysts expect Coca-Cola to earn between $1.74 and $1.78 a share this year and $1.90 to $1.99 per share next year, according to market research firm Thomson First Call.
US: Coca-Cola to stop providing earnings forecasts
The soft drinks giant, Coca-Cola, has announced that it is to stop providing quarterly and annual earnings guidance to investors. However, the company said the move did not reflect any deterioration in its business and added that it was positioned for strong growth in 2003.
December 17, 2002