Coca-Cola 3rd-quarter profit declines
Tue, 20 Oct 2009 12:29:15 GMT —
Coca-Cola says its third-quarter profit declined less than 1 percent, as sales fell as consumers continued to limit soft drink purchases and the stronger dollar took a toll on revenue.
The soft-drink maker says it earned $1.91 billion, or 81 cents per share, compared with $1.92 billion, or 81 cents per share, a year earlier. Atlanta-based Coca-Cola Co., the world's largest soft-drink maker, says revenue slumped to $8.04 billion from $8.39 billion.
Analysts polled by Thomson Reuters forecast profit of 81 cents per share on revenue of $8.11 billion.
Sales rose in emerging markets including India, China and Brazil.