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Coca-Cola tanks after earnings fail to wow Wall Street |
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| Jul 17, 2008 11:31 AM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: Earnings reports, Coca-Cola (KO), Coca-Cola Enterprises (CCE)  The Coca Cola Co. (NYSE: KO), which has been battling declining sales of carbonated beverages, is not finding many friends on Wall Street after reporting its second quarter results.As expected, they were weak. Net income fell 23% to $1.42 billion, or 61 cents per share, compared with $1.85 billion, or 80 cents, a year earlier, the Atlanta-based company said in its earnings press release. Excluding a non-cash impairment charge resulting from the write down of North American assets of Coca-Cola Enterprises Inc. (NYSE:CCE), profit would have been $1.01. Revenue rose 17% to $9.05 billion. Continue reading Coca-Cola tanks after earnings fail to wow Wall Street Read | Permalink | Email this | Comments<map name="google_ad_map_145-1259114"><area href="http://imageads.googleadservices.com/pagead/imgclick/145-1259114?pos=0" shape="rect" coords="1,2,367,28" /><area href="http://services.google.com/feedback/abg" shape="rect" coords="384,10,453,23" /></map> 
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