Coca-Cola Profit Falls 8 Percent
Coca-Cola reported an 8.3 percent fall in quarterly earnings, hurt by the separation of its bottling operations in Brazil and the Philippines. The company’s net income fell to $1.71 billion, or 38 cents per share, in the fourth quarter ended December 31, from $1.86 billion, or 41 cents per share, a year earlier. Revenue fell 3.6 percent to $11.04 billion. Excluding foreign exchange fluctuations and the separation of the bottling operations, revenue rose 4 percent.
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