Deals
Coca-Cola Net More Than Triples on Acquisition Gain
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Coca-Cola Co., the world’s largest soft-drink maker, said fourth-quarter profit more than tripled after a one-time non-cash gain related to the acquisition of its North American bottling operations.
Net income advanced to $5.77 billion, or $2.46 a share, the Atlanta-based company said today in a statement. Excluding some items, profit was 72 cents, matching the average of estimates compiled by Bloomberg.