The Coca-Cola Company (KO) reported fourth quarter earnings per share of $0.52, an increase of 79 percent versus the prior year on a reported basis, and $0.58 after considering items impacting comparability, an increase of 12 percent.
Revenue from Africa and Eurasia was especially strong
Net operating revenues for the fourth quarter increased 24 percent, driven by a 6 percent increase in concentrate sales, an 8 percent benefit from structural change related to bottler acquisitions, an 8 percent currency benefit and a 2 percent favorable impact from pricing and mix.
The numbers beat the First Call consensus number by $.02.
Douglas A. McIntyre
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