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Coca-Cola Revenue Sags In 3rd Quarter, But Still Beats Wall Street Forecasts

October 25, 2017: 12:00 AM EST
Coca-Cola beat Wall Street estimates for third quarter revenue and profit, turning in an EPS of $0.50 (expected $0.49) on revenue of $9.08 billion ($8.72 billion expected). CNBC noted that the surprising numbers showed the company’s ability to buck negative trends, especially the consumer shift away from sugary soft drinks toward more healthful beverages. The company accomplished this by focusing on price hikes, selling more expensive products, and pushing newer products, like Coca-Cola Zero Sugar. Net revenue was $9.08 billion, 15 percent less than a year ago, and reflected its ongoing refranchising efforts. Net income grew to $1.45 billion from $1.05 billion a year ago.
Lauren Hirsch , "Coca-Cola tops estimates, backs full-year outlook", CNBC.com, October 25, 2017, © CNBC LLC
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