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.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.