Reuters: Global Markets: Coca-Cola revenue misses Street view; shares slip

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Coca-Cola revenue misses Street view; shares slip Feb 12th 2013, 14:31 Tweet Share this Email Print Related News Moody's shares slide on lawsuit worries Fri, Feb 8 2013 AOL posts first quarterly rev growth in 8 years, shares up Fri, Feb 8 2013 Cognizant profit tops estimates on demand from Europe Thu, Feb 7 2013 News Corp posts higher quarterly revenue, profit Wed, Feb 6 2013 Kellogg outlook better than expected Tue, Feb 5 2013 Analysis & Opinion Credit Suisse has bad news for debt wannabes Attacking obesity, one can at a time Related Topics Investing and Taxes Simplified » Hot Stocks » Asian Markets » An employee arranges bottles of Coca-Cola at a store in Alexandria, Virginia October 16, 2012. Credit: Reuters/Kevin Lamarque By Martinne Geller Tue Feb 12, 2013 8:39am EST (Reuters) - Coca-Cola Co (KO.N) reported fourth-quarter revenue slightly below analysts' expectations, hurt by a double-digit decline in Europe. The world's largest soft drink maker, with brands such as Sprite, Fanta and Minute Maid, on Tuesday said revenue rose 4 percent to $11.46 billion. But analysts were expecting $11.53 billion, according to Thomson Reuters I/B/E/S. Worldwide sales volume rose 3 percent, but volume in Europe fell 5 percent. JPMorgan analyst John Faucher, for example, was expecting volume to rise 3.5 percent, with a decline of just 1 percent in Europe. "There is still apprehension out there, certainly in Europe," Coca-Cola Chief Executive Officer Muhtar Kent said in an interview on CNBC. Fourth-quarter net income was $1.87 billion, or 41 cents per share, in the fourth quarter, up from $1.66 billion, or 36 cents per share, a year earlier. Excluding restructuring charges and other one-time items, earnings were 45 cents per share, topping analysts' average estimate by a penny. Coca-Cola shares were down 4 cents at $38.57 in premarket trading. (Reporting By Martinne Geller in New York; editing by John Wallace) Investing and Taxes Simplified Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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