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Monday, November 17, 2008
Coca-Cola Beats Profit Forecast
Wonder why because over charging us huge prices on aBottle drink are We a Jack Ass and they think We Dont Know .Coca-Cola reported a better-than-expected quarterly profit on Wednesday as strong international demand offset falling volume at Coca-Cola said net income for the third quarter, which ended on Sept. 26, rose to $1.89 billion, or 81 cents a share, from $1.65 billion, or 71 cents a share, a year earlier.
Excluding items, the company earned 83 cents, topping the analysts’ average forecast of 77 cents, according to Reuters Estimates.
Revenue rose 9 percent to $8.39 billion as sales by volume increased 5 percent.
Volume fell 2 percent in North America, but rose 7 percent internationally.
Coke, which is based in Atlanta, said it was on track for its productivity initiatives to deliver $400 million to $500 million in annual savings by the end of 2011
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