NEW YORK (AP) - The Coca-Cola Co. says its fourth-quarter profit
fell 18 percent as it dealt with the global recession and
volatility in the currency markets.
But its adjusted earnings figure still beat Wall Street
estimates and its case volume grew.
The world's biggest soft drink maker earned $995 million, or 43
cents per share, in the quarter ended Dec. 31. That's down from
$1.21 billion, or 52 cents per share, a year earlier.
It says revenue fell 3 percent to $7.13 billion,
Excluding one-time items such as a charge related to its
Coca-Cola Enterprises business, Atlanta-based Coke says it earned
64 cents a share.
Thomson Reuters says analysts expected profit of 61 cents per
share on revenue of $7.52 billion.