Coca-Cola beat on earnings, but revenues were crushed by some Latin American countries
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Thomson Reuters
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The company said net income attributable to its shareholders fell to $1.05 billion, or 24 cents per share, in the third quarter ended Sept. 30 from $1.45 billion, or 33 cents per share, a year earlier. Comparable earnings per share was $0.49, one cent above analysts' forecast according to Bloomberg.
Net operating revenue fell to $10.63 billion from $11.43 billion a year earlier, the sixth straight quarter of decline.
Coca-Cola shares rose 1% in pre-market trading.
(Reuters reporting by Sruthi Ramakrishnan in Bengaluru, Editing by Anil D'Silva)
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