Coke beats 3Q profit forecasts

AP News
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Posted: Oct 21, 2015 7:45 AM

ATLANTA (AP) — Coca-Cola Co. (KO) on Wednesday reported third-quarter profit of $1.45 billion.

The Atlanta-based company said it had profit of 33 cents per share. Earnings, adjusted for non-recurring costs and restructuring costs, came to 51 cents per share.

The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share.

The world's largest beverage maker posted revenue of $11.43 billion in the period, missing Street forecasts. Six analysts surveyed by Zacks expected $11.61 billion.

Coke shares have increased slightly since the beginning of the year, while the Standard & Poor's 500 index has declined slightly more than 1 percent. The stock has fallen slightly more than 2 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KO at http://www.zacks.com/ap/KO

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Keywords: Coca-Cola, Earnings Report, Priority Earnings