Coca-Cola's profit up 3 percent on stronger sales - Los Angeles Local News | FOX 11 LA KTTV

Coca-Cola's profit up 3 percent on stronger sales

Posted: Updated:
NEW YORK -

The Coca-Cola Co. says its net income rose 3 percent in the third quarter, as the world's biggest beverage maker sold more of it drinks around the globe and raised prices.

The Atlanta-based company, which makes Sprite, Dasani water and Powerade, says global sales volume rose 4 percent during the period, with growth across every region.

The company says it earned $2.31 billion, or 50 cents per share, for the period ended Sept. 28. That's compared with $2.22 billion, or 48 cents per share, in the year-ago quarter. Not including one-time items, the company says it earned 51 cents per share, in line with analyst expectations.

Revenue rose 1 percent to $12.34 billion, but fell shy of Wall Street expectations of $12.4 billion.

 

Copyright 2012 The Associated Press

Powered by WorldNow

KTTV FOX 11
1999 S. Bundy Dr.
Los Angeles CA 90025

Main: (310) 584-2000
News Tips? (310) 584-2025

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices