May 19, 2012

Coca-Cola Profit Misses On Expenses, Earthquake

coca-cola profit misses on expenses, earthquake_

Coca-Cola Co’s quarterly results slightly missed Wall Street estimates, as the Japan earthquake and the timing of marketing expenses overshadowed strong sales volume, and its shares fell 2.3 per cent. In addition, the world’s largest soft-drink maker saw less of a benefit than expected from price increases, and its margins suffered, according to UBS analyst [...]