UPDATE: Coca-Cola Q3 Profit Up 3.9%
Coca-Cola Co (NYSE: KO) reported a 3.9% rise in its third-quarter earnings.
Coca-Cola's quarterly profit surged to $2.31 billion, or $0.50 per share, from $2.22 billion, or $0.48 per share, in the year-ago period.
Its revenue rose 0.8% to $12.34 billion. However, analysts were expecting earnings of $0.51 per share on revenue of $12.41 billion.
Coca-Cola's gross margin rose to 60.7% from 60.2%.
Coca-Cola shares closed at $38.13 yesterday.
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