Coca-Cola Profit Falls on Job-Cutting Costs
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From Bloomberg News
Coca-Cola Co. had its first earnings decline in almost two years because of costs to eliminate jobs and slower-than-expected growth in North American soft drink sales.
Net income fell to $927 million, or 38 cents a share, from $930 million, or 38 cents, a year earlier, the Atlanta-based company said. Sales increased 7.9% to $5.18 billion.
Shares of Coca-Cola fell 37 cents to $51.80 on the New York Stock Exchange.
From Bloomberg News
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