Coca-Cola earnings more than triple

The beverage giant gets a boost after acquiring a bottler and selling more drinks in North America.

By MSNMoney partner Feb 9, 2011 9:37AM

The Associated Press


Coca-Cola Co.'s fourth-quarter net income more than tripled, helped by the acquisition of a bottler and selling more drinks in North America.


The world's largest soft drink maker had relied more on emerging markets like China and India when growth in developed markets waned on weakened consumer spending and increased interest in healthier drinks like juices and teas.


Coca-Cola earned $5.77 billion, or $2.46 per share, for the period ended Dec. 31. That's up from $1.54 billion, or 66 cents per share, a year ago.

Removing a $5 billion gain tied to the buyout of Coca-Cola Enterprises' North American operations and other items, earnings were 72 cents per share. That met analysts' expectations.


The Atlanta company's revenue rose 40 percent to $10.49 billion, besting Wall Street's $10.16 billion.


© 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


2Comments
Feb 9, 2011 12:26PM
avatar
Coca-Cola has long played games by acquiring or selling bottlers depending on whether it's income was higher than needed to satisfy investors and it wanted to effectively make profits look like they occurred in future, low-profit years, or if it needed to "cash in" those profits.  It bought cheap or high or sold high or cheap, in collusion with the bottler, to make the game work.
Feb 9, 2011 3:19PM
avatar
how could it help but make a lot of money. CC is selling for double what it was selling for just 3 or 4 years ago . A 16 oz of CC AT Wal-Mart is 1.49. Ridiculous.
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