Saturday, 3 March 2012

COCA-COLA'S EARNINGS FIZZLE.(BUSINESS)

Byline: -- Associated Press

ATLANTA -- The Coca-Cola Co. reported a $125 million loss for the first quarter because of new accounting standards. Sales were strong, but its operating results fell short of Wall Street expectations. The soft drink giant said Tuesday it lost 5 cents per share in the January-March quarter. It earned $863 million, or 36 cents per share, in the same quarter a year earlier.

Excluding accounting changes and one-time items -- and adjusting for a 3-cent charge for South American …

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