clear
Monday August 3rd, 2015 4:45AM

Atlanta-based Coke 2Q profit falls 3 percent

By The Associated Press
ATLANTA (AP) - Coca-Cola Co. (KO) on Tuesday reported earnings that declined by 3 percent in its second quarter, and beat analysts' expectations.<br /> <br /> The Atlanta-based company said profit fell to $2.6 billion, or 58 cents per share, from $2.68 billion, or 59 cents per share, in the same quarter a year earlier.<br /> <br /> Earnings, adjusted for non-recurring costs and asset impairment costs, came to 64 cents per share. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 63 cents per share.<br /> <br /> The company said revenue dropped 1.4 percent to $12.57 billion from $12.75 billion in the same quarter a year earlier, and missed Wall Street forecasts. Analysts expected $12.85 billion, according to Zacks.<br /> <br /> Coca-Cola shares have risen $1.09, or 2.6 percent, to $42.40 since the beginning of the year, while the Standard & Poor's 500 index has increased 6.8 percent. The stock has increased $1.56, or 3.8 percent, in the last 12 months.
© Copyright 2015 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
US stocks post sixth straight year of gains
U.S. stocks ended a strong 2014 with moderate declines Wednesday.
4:43PM ( 7 months ago )
Palestinians push ahead in pursuit of war crimes charges against Israel
Stung by a resounding defeat in the U.N. Security Council, the Palestinians announced Wednesday that they joined the International Criminal Court to pursue war crimes charges against Israel.
1:57PM ( 7 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 ( 7 months ago )
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 ( 7 months ago )
Sheriff: Man shot 2 on I-85 because he wanted car
A 22-year-old man shot two people who stopped to give him a ride on Interstate 85 in South Carolina on Christmas Eve because he wanted their car to drive to Georgia, a sheriff said Wednesday.
5:21PM ( 7 months ago )
Local/State News
Climate change: Obama orders steeper emissions cuts from power plants
Aiming to jolt the rest of the world to action, President Barack Obama moved ahead Sunday with even tougher greenhouse gas cuts on American power plants.
By The Associated Press
6:40PM ( 10 hours ago )
20+ employers expected for Blairsville job fair Tuesday
More than 20 employers have signed up to participate in the North Georgia Regional Career Expo in Blairsville Tuesday. The job fair will be held from 2-6 p.m. on the Blairsville campus of North Georgia Technical College.
7:03PM ( 1 day ago )
Atlanta airport again leads in number of guns found in bags
Atlanta's airport once again leads the nation in the number of guns found in carry-on bags.
By The Associated Press
6:49PM ( 1 day ago )
Forsyth tax commissoner's Sharon Springs branch closed for renovation, expansion
The Sharon Springs branch of the Forsyth County Tax Commissioner’s Office, which is located inside Sharon Springs Park, will be closed for renovations for the next several weeks.
8:58AM ( 1 day ago )
Elachee to host national nature center group; 225 participants expected
Elachee Nature Science Center will host the 2015 Association of Nature Center Administrators (ANCA) Summit in August.
By AccessWDUN staff
6:21PM ( 2 days ago )