clear
Sunday May 29th, 2016 5:54AM

Coca-Cola's 1Q profit dips, but more drinks sold

By The Associated Press
NEW YORK (AP) -- Coca-Cola's first-quarter profit fell nearly 8 percent as the world's biggest beverage maker faced a stronger dollar and made structural changes abroad.

But the company sold more of its drinks worldwide, and its earnings matched expectations.

The Atlanta-based company says global sales volume rose 2 percent. In its flagship North American market, where Americans have been cutting back on soda for years, volume was flat.

Net income fell to $1.62 billion, or 36 cents per share. That compares with net income of $1.77 billion, or 39 cents per share a year ago.

Excluding one-time items, net income totaled 44 cents per share, matching analyst expectations.

Revenue fell 4 percent to $10.58 billion. Analysts expected $10.5 billion.
© Copyright 2016 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Judge denies motions to move, delay Tsarnaev trial
Lawyers for Boston Marathon bombing suspect Dzhokhar Tsarnaev asked a federal appeals court Wednesday to overturn a judge's decision to not move his upcoming trial out of state.
10:02PM ( 1 year ago )
High court to adopt electronic filing of cases
The Supreme Court is belatedly developing an electronic filing system similar to those used in courts around the country, Chief Justice John Roberts said Wednesday in his annual end-of-year report.
7:57PM ( 1 year ago )
Storm brings snow, cold to West for New Year's
A blustery winter storm dumped snow and ice across the West on Wednesday, making driving treacherous in the mountains from California to the Rockies and forcing residents and party-goers in some usually sun-soaked cities to bundle up for a frosty New Year's.
5:19PM ( 1 year ago )
U.S. News
State DOT awards $48M contract for NE Ga. road project
The state Department of Transportation has awarded a $47.8 million contract for nine miles of work on a northeast Georgia road.
9:37AM ( 1 year ago )
Business News
Grass fire impacts rush hour traffic on 985
Rush hour traffic on I-985 was slowed by a grass fire Wednesay afternoon with one lane closed while firefighters fought the blaze.
10:19PM ( 1 year ago )
Hall County conviction, sentencing to be reviewed by SCOGA
The State Supreme Court has agreed to hear the appeal of a Hall County man when they reconvene in January.
2:37PM ( 1 year ago )
Maysville man dies from Banks County wreck
The Georgia State Patrol reports that alcohol and/or drugs were factors a single-vehicle wreck that claimed the life of a Maysville man in Banks County Tuesday night.
11:07AM ( 1 year ago )
Local/State News
Woman's body found in Lake Lanier
Gainesville police recovered a woman's body from Lake Lanier near Lanier Point Park Saturday afternoon.
7:50PM ( 10 hours ago )
Four people arrested after Hall drug agents uncover meth lab
Four people have been arrested after a small methamphetamine lab was found earlier this week in the crawl space of a house in North Hall.
6:00PM ( 11 hours ago )
GDOT approves location, design for new I-985 interchange in South Hall
​The Georgia Department of Transportation has approved the location and design of a new interchange on I-985 in South Hall which will include a new, four-lane connector road.
2:00PM ( 15 hours ago )
Commerce Police ask for help ID'ing suspect in strong armed robbery
According to the Commerce Police Department FaceBook page, a strong-arm robbery took place Friday night at the Flying J on Highway 98 at I-85.
By AccessWDUN staff
1:21PM ( 16 hours ago )
Drought conditions worsen, now cover all of north Georgia
​Drought conditions in Georgia continue to worsen and now encompass all of north Georgia.
11:58AM ( 17 hours ago )