Coca-Cola's profit rises as volume grows overseas
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Posted: 02/12/2013
Last Updated:
97 days ago
NEW YORK - Coca-Cola says its profit rose 13 percent in the fourth quarter as the world's biggest beverage company sold more of its beverages overseas.
The Atlanta based company said global sales volume rose 3 percent, driven by international growth. In the flagship U.S. market, it rose 1 percent.
For the October-to-December period, The Coca-Cola Co. earned $1.87 billion, or 41 cents per share. That's compared with $1.66 billion, or 36 cents per share, in the year-ago period. Not including one-time items, the company said it earned 45 cents per share.
Revenue rose 4 percent to $11.46 billion.
Analysts on average expected an adjusted profit of 44 cents per share on revenue of $11.53 billion.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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