The Coca-Cola Company Earnings Decline 5% In Q3

(RTTNews) - The Coca-Cola Company (KO) revealed a profit for third quarter that decreased from last year.

The company said its bottom line declined to $2.23 billion, or $0.51 per share. This was lower than $2.35 billion, or $0.53 per share, in last year's third quarter.

Analysts had expected the company to earn $0.50 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 4.6% to $11.43 billion. This was down from $11.98 billion last year.

The Coca-Cola Company earnings at a glance:

-Earnings (Q3): $2.23 Bln. vs. $2.35 Bln. last year. -Earnings Decline (Y-o-Y): -5.1% -EPS (Q3): $0.51 vs. $0.53 last year. -EPS Decline (Y-o-Y): -3.8% -Analysts Estimate: $0.50 -Revenue (Q3): $11.43 Bln vs. $11.98 Bln last year. -Revenue Change (Y-o-Y): -4.6%