cloudy
Thursday July 2nd, 2015 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 2015 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 This material may not be published, broadcast, rewritten, or redistributed without permission.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 ( 6 months 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 ( 6 months 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 ( 6 months 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 ( 6 months 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 ( 6 months 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 ( 6 months 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 ( 6 months ago )
Local/State News
US probes possible collusion among airlines to keep fares up
WASHINGTON (AP) — The U.S. government is investigating possible collusion among major airlines to limit available seats, which keeps airfares high, according to a document obtained by The Associated P...
11:32PM ( 6 hours ago )
GSP: No charges in E. Hall ice cream truck accident
No charges will be filed after a little boy was struck by a vehicle passing an ice cream truck earlier this week in the East Hall area.
6:09PM ( 11 hours ago )
New Exec Director named for Good News Clinics
Good News Clinics has named Allison Borchert, RN, as new Executive Director to replace outgoing Executive Director Cheryl Christian, according to an announcement by GNC Board of Directors President Richard Bennett, DMD.
By Staff
5:25PM ( 12 hours ago )
Stone Mountain Park official: Rebel flags must fly under law
Confederate flags will continue flying at Stone Mountain Park near Atlanta because Georgia law prevents their removal, the head of a state authority that oversees the park said Wednesday.
By Associated Press
4:41PM ( 13 hours ago )
Hall County native named Ga. DOT Area Engineer
The Georgia Department of Transportation has appointed a Hall County native, Shannon Giles, as Area Engineer serving Barrow, Clarke, Jackson, Oconee and Walton counties.
By Staff
4:10PM ( 13 hours ago )