Jim Cramer's Reaction to Coca-Cola's Earnings

Coca-Cola released earnings before the bell Thursday.

Coca-Cola (KO) posted fourth quarter profits that were largely in-line with analysts' forecast, but noted that 2019 organic revenue growth would slow and comparable earnings would likely remain flat thanks, in part, to a stronger U.S. dollar.

Coca-Cola said earnings for the three months ending in December came in at 43 cents per share, rising 9% from the same period last year and matching the Street consensus forecast. Group revenues, Coca-Cola said, fell 6% to $7.1 billion and narrowly beat the consensus estimate of $7.06 billion.

Related. What to Watch: Inflation, Retail Sales and 13 Key Earnings Reports

Meantime, Coca-Cola rival Pepsico (PEP) reports its fourth quarter earnings Friday morning before the bell.  Back on January 30th in Jim Cramer's Mad Money Lightning Round he predicted:  "PepsiCo is terrific. It's going to go higher."

Related. PepsiCo Could Work Itself Higher in the Months Ahead

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