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Review: Coca-Cola's first-quarter earnings expectations not justified

Coca-Cola Co. equities fell less than 1% in premarket trade on Tuesday after the company's first-quarter earnings expectations not justified.

The company reported that a net profit of $1.18 billion, or 27 cents per share, down from $1.48 billion, or 34 cents per share a year earlier. During the year, it expects that adjusted EPS decrease from 1% to 3%, compared to $1.91 in 2016. Coca-Cola shares have increased by 3% in the last three months, compared to the S&P 500 index gains of 3.3%.

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