Coca-Cola Third-Quarter Profit Advances as Europe Improves
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Coca-Cola Co., the world’s largest soft-drink maker, reported a 3.9 percent increase in third-quarter profit as sales volumes in Europe improved.
Net income rose to $2.31 billion, or 50 cents a share, from $2.22 billion, or about 48 cents, a year earlier, Atlanta-based Coca-Cola said today in a statement. Revenue advanced less than 1 percent to $12.3 billion, trailing the $12.4 billion average of analysts’ estimates compiled by Bloomberg.