Source Pravda.Ru

Coca-Cola Co. almost Managed to Meet Estimates

Coca-Cola Co. reported that its fourth-quarter net income attributable to Shareowners was $1.54 billion or $0.66 per share, compared to $995 million or $0.43 per share in the same quarter last year.

Non-GAAP net income attributable to Shareowners was $1.55 billion or $0.66 per share, compared to $1.48 billion or $0.64 per share in year ago quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $0.67 per share for the quarter.

Net operating revenues for the quarter were $7.51 billion, compared to $7.13 billion in the prior year quarter. Seven analysts had consensus revenue estimate of $7.21 billion for the quarter.

The Coca-Cola Company is the world's largest beverage company, largest manufacturer, distributor and marketer of non-alcoholic beverage concentrates and syrups in the world and is one of the largest corporations in the United States.

Besides its namesake Coca-Cola beverage, Coca-Cola currently offers nearly 400 brands in over 200 countries or territories and serves 1.6 billion servings each day.

The company operates a franchised distribution system dating from 1889 where The Coca-Cola Company only produces syrup concentrate which is then sold to various bottlers throughout the world who hold an exclusive territory.

The Coca-Cola Company is headquartered in Atlanta, Georgia. Its stock is listed on the NYSE and is part of DJIA, S&P 500 Index, and the Russell 1000 Index. Its current chairman and CEO is Muhtar Kent.

RTT News has contributed to the report.

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases