The Coca-Cola Company Q3 Profit Retreats 4%

31-Oct-2016 - USA

The Coca-Cola Company (KO) released earnings for third quarter that lost ground compared to the same period last year.

The company said its earnings dropped to $2.15 billion, or $0.49 per share. This was lower than $2.23 billion, or $0.51 per share, in last year's third quarter.

Analysts had expected the company to earn $0.48 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 7.0% to $10.63 billion. This was down from $11.43 billion last year.

The Coca-Cola Company earnings at a glance:

-Earnings (Q3): $2.15 Bln. vs. $2.23 Bln. last year.

-Earnings Decline (Y-o-Y): -3.6%

-EPS (Q3): $0.49 vs. $0.51 last year.

-EPS Decline (Y-o-Y): -3.9%

-Analysts Estimate: $0.48

-Revenue (Q3): $10.63 Bln vs. $11.43 Bln last year.

-Revenue Change (Y-o-Y): -7.0% (dpa)

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