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Coca-Cola Co. 2Q Profit Drops 23% Save Email Print
Posted: 7:00 AM Jul 17, 2008
Last Updated: 7:00 AM Jul 17, 2008

A | A | A

ATLANTA - Coca-Cola says second-quarter profit fell 23 percent as it took a one-time charge related to its bottler.

The world's biggest beverage company reported Thursday that it earned $1.42 billion, or 61 cents per share, compared with $1.85 billion, or 80 cents per share, in the year-ago quarter.

Coca-Cola says that excluding one-time items, per-share earnings were $1.01.

Analysts polled by Thomson Financial expected profit of 96 cents per share on revenue of $8.93 billion, on average.

Revenue rose 17 percent to $9.05 billion from $7.73 billion a year earlier.

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