(RTTNews) - The Coca-Cola Company (KO) released earnings for third quarter that lost ground compared to the same period last year.
The company said its earnings dropped to $2.15 billion, or $0.49 per share. This was lower than $2.23 billion, or $0.51 per share, in last year's third quarter.
Analysts had expected the company to earn $0.48 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter fell 7.0% to $10.63 billion. This was down from $11.43 billion last year.
The Coca-Cola Company earnings at a glance:
-Earnings (Q3): $2.15 Bln. vs. $2.23 Bln. last year.
-Earnings Decline (Y-o-Y): -3.6%
-EPS (Q3): $0.49 vs. $0.51 last year.
-EPS Decline (Y-o-Y): -3.9%
-Analysts Estimate: $0.48
-Revenue (Q3): $10.63 Bln vs. $11.43 Bln last year.
-Revenue Change (Y-o-Y): -7.0%