The Coca-Cola Company reports robust earnings from its fourth-quarter sales of 2007.
The world’s largest beverage maker says its profits rose nearly 80-percent on the strength of a double-digit increase in sales. The company said the uptick is due to growth of key soft-drink brands, and in its water, sports drink, and orange juice categories.
Atlanta-based Coca-Cola reports earnings of 1.2 billion dollars, or 52-cents a share for the three months ending December 31st. That represents a big jump from a year earlier, when profits reported were 678 million dollars. Company officials say they’ve now had four consecutive quarters of double-digit earnings-per-share growth.
The fourth-quarter earnings-per-share reported by Coke were ahead of what analysts surveyed by Thomson Financial were expecting.
The world’s largest beverage maker says its profits rose nearly 80-percent on the strength of a double-digit increase in sales. The company said the uptick is due to growth of key soft-drink brands, and in its water, sports drink, and orange juice categories.
Atlanta-based Coca-Cola reports earnings of 1.2 billion dollars, or 52-cents a share for the three months ending December 31st. That represents a big jump from a year earlier, when profits reported were 678 million dollars. Company officials say they’ve now had four consecutive quarters of double-digit earnings-per-share growth.
The fourth-quarter earnings-per-share reported by Coke were ahead of what analysts surveyed by Thomson Financial were expecting.
