Coca-Cola is also trying to boost sales by raising prices and
diversifying into beverages such as cold-pressed juices and
Net operating revenue fell 8 percent, the third straight
quarterly drop. Excluding the impact of acquisitions,
divestitures and foreign currency, sales declined 1 percent.
However, net income attributable to shareholders jumped 60.6
percent to $1.24 billion, or 28 cents per share, in the fourth
quarter ended Dec. 31.
Selling, general and administrative expenses fell 9.2 percent to
Excluding items, the company earned 38 cents per share.
Analysts on average had expected earnings of 37 cents per share
and revenue of $9.91 billion, according to Thomson Reuters
(Reporting by Sruthi Ramakrishnan and Yashaswini Swamynathan in
Bengaluru; Editing by Sriraj Kalluvila)
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