logo
Share SHARE
FONT-SIZE Plus   Neg

Coca-Cola Q1 Profit Grows - Quick Facts

Beverages giant Coca-Cola Co. (KO) reported a rise in its first quarter 2012 net income attributable to shareowners of the company to $2.05 billion from $1.90 billion, with reported GAAP earnings per share improving to $0.89 from $0.82 in the earlier year quarter. On average, 14 analysts polled by Thomson Reuters expected earnings per share of $0.87 for the quarter. Analysts' estimates typically exclude one-time items.

Items affecting comparability had no net impact on first quarter 2012 reported earnings per share and reduced last year's reported earnings per share by $0.04 per share, the company said.

Quarterly net operating revenues totaled $11.14 billion, up 6% from $10.52 billion, as adjusted, a year ago. Both reported and comparable net revenue for the recent quarter grew 6%, helped by a 3% rise in concentrate sales, positive price/mix of 3%, driven mainly by positive pricing, and a 1% positive impact due to structural change. Eleven analysts estimated revenues of $10.83 billion for the quarter.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Dealing a potentially fatal blow to a last-ditch effort by Republicans to repeal and replace Obamacare, Senator John McCain, R-Ariz., on Friday announced his opposition to a healthcare bill drafted by Senators Lindsey Graham, R-S.C., and Bill Cassidy, R-La. Reiterating his claim that Russian meddling in last year's election is a hoax, President Donald Trump has argued that the biggest influence on the election came from the media. Trump seemed to suggest in a post on Twitter on Friday that his victory in the presidential election came despite the media's... U.S. airlines collected a record $7.1 billion in revenue from fees for checked baggage and for changing or canceling reservations, reflecting a marked increase from 2010, according to a government report. The U.S. Government Accountability Office or GOA said in a report that U.S. airlines' revenue from these two fees increased to $7.1 billion in 2016 from $6.3 billion in 2010, in constant dollars.
comments powered by Disqus
Follow RTT