Coca-Cola Profit Tops Analysts’ Estimates as Asia Sales Jump
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Coca-Cola Co., the world’s largest soft-drink maker, reported fourth-quarter profit that topped analysts’ estimates as teas and juices boosted sales in Asia.
Profit excluding some items was 79 cents a share, Atlanta-based Coca-Cola said today in a statement. That exceeded the 77-cent average of 14 analysts’ estimates compiled by Bloomberg. Net income in the quarter fell to $1.65 billion, or 72 cents a share, from $5.77 billion, or $2.46, a year earlier, when the company posted a gain from an acquisition.