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Coca-Cola revenue falls 5% in the third quarter

Myles Udland,Reuters   

Coca-Cola revenue falls 5% in the third quarter
Stock Market1 min read

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(Reuters) - Coca-Cola Co's quarterly revenue fell nearly 5 percent as a strong dollar reduced the value of sales in markets outside North America.

The net income attributable to shareholders fell to $1.45 billion, or 33 cents per share, in the third quarter ended Oct. 2 from $2.11 billion, or 48 cents per share, a year earlier.

Adjusted earnings per share came in at $0.51, topping expectations for $0.50, according to estimates from Yaho Finance.

Net operating revenue fell to $11.43 billion from $11.98 billion. Expectations was for revenue to total $11.54 billion.

(Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by Kirti Pandey)

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