Third quarter earnings at Coca-Cola (NYSE:KO) came in under expectations which is pushing shares down before the open.
Revenue fell 4% to $8.4 billion. Net income was flat at $2.15 billion. EPS was also flat at $.81.
Sales in Eurasia & Africa, which should be relatively good, were off 9%. Sales in Europe dropped 10%.
“I am pleased to report that we have again delivered solid results this quarter,” said Muhtar Kent, chairman and chief executive officer. No one except the company seemed to buy into that.
Douglas A. McIntyre
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
