Thursday, February 12, 2009

Coca Cola; Profits, Revenues and Share Prices

Coca-Cola profit dips to $5.8B

Triangle Business Journal — The Coca-Cola Co.’s net income dipped about 3 percent in 2008 and included the impact of charges for Coca-Cola Enterprises Inc. and restructuring, the company said Thursday.
The Atlanta-based beverage giant had net income of $5.81 billion and earnings of $2.49 a share, compared with net income of $5.98 billion and earnings of $2.57 a share in 2007.
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Coca-Cola profit down on charges, but volume rises

WSJ Coca-Cola Co. reported Thursday its earnings per share fell 17% in the fourth quarter on charges and a slump in North American volume.
Before the bell, Coke (KO: The Coca-Cola Company (KO 44.39, +3.12, +7.6%) said that it earned $995 million, or 43 cents a share, down from $1.21 billion, or 52 cents a share, in the year-ago quarter. Excluding one-time items, earnings were 64 cents a share, a 10% rise.
The soft-drink giant said revenue for the quarter was $7.13 billion, compared to $7.33 billion in the year-ago period
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Coca-Cola shares rises as profit tops view

Reuters UK Coca-Cola Co (KO.N) posted a better-than-expected quarterly profit on Thursday, as double-digit volume gains in China, India and Eastern Europe offset a decline in North America, and shares rose 6 percent.
More than three-quarters of Coke's sales volume comes from abroad, a statistic analysts have often pointed to when trying to predict whether the world's top soft drink maker, or its rival PepsiCo Inc (PEP.N), would outperform in the recession.
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