The Coca-Cola Company Reveals 5% Fall In Q1 Profit

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

The company said its earnings came in at $1.99 billion, or $0.45 per share. This was lower than $2.10 billion, or $0.48 per share, in last year's first quarter.

Analysts had expected the company to earn $0.44 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 3.9% to $10.28 billion. This was down from $10.70 billion last year.

The Coca-Cola Company earnings at a glance:

-Earnings (Q1): $1.99 Bln. vs. $2.10 Bln. last year. -Earnings Decline (Y-o-Y): -5.2% -EPS (Q1): $0.45 vs. $0.48 last year. -EPS Decline (Y-o-Y): -6.2% -Analysts Estimate: $0.44 -Revenue (Q1): $10.28 Bln vs. $10.70 Bln last year. -Revenue Change (Y-o-Y): -3.9%