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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Coca Cola Company | NYSE:KO | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.26 | 0.42% | 62.25 | 62.33 | 61.64 | 61.99 | 11,628,678 | 01:00:00 |
From May 2019 to May 2024
By Allison Prang
Coca-Cola Co.'s revenue declined in the third quarter as the company continued to see pressure in its away-from-home channels.
The beverage company said profit was $1.74 billion, or 40 cents a share. A year earlier, net income was $2.59 billion, or 60 cents a share. The company logged adjusted earnings of 55 cents a share.
Net operating revenues of $8.65 billion fell 9% year over year. They were more than analysts' consensus according to FactSet of $8.36 billion. Organic revenue also declined.
The company said the drop in revenue was "driven by ongoing pressure in away-from-home channels partially offset by sustained growth in at-home channels" as coronavirus-pandemic lockdowns and restrictions continue to affect some markets.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
October 22, 2020 07:32 ET (11:32 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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