The Coca-Cola Company Q1 Profit Declines 6%

27-Apr-2017 - USA

The Coca-Cola Company (KO) announced earnings for first quarter that decreased from last year.

The company said its earnings totaled $1.88 billion, or $0.43 per share. This was lower than $1.99 billion, or $0.45 per share, in last year's first quarter.

Analysts had expected the company to earn $0.44 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 11.6% to $9.13 billion. This was down from $10.33 billion last year.

The Coca-Cola Company earnings at a glance:

-Earnings (Q1): $1.88 Bln. vs. $1.99 Bln. last year. -Earnings Decline (Y-o-Y): -5.5% -EPS (Q1): $0.43 vs. $0.45 last year. -EPS Decline (Y-o-Y): -4.4% -Analysts Estimate: $0.44 -Revenue (Q1): $9.13 Bln vs. $10.33 Bln last year. -Revenue Change (Y-o-Y): -11.6% (dpa)

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