Diet Coke drives profit
Source: AP |
00:01 UTC+8 July 26, 2018
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Print Edition
Print Edition
Coca-Cola is reporting strong profit and revenue numbers, thanks in part to rising demand for Diet Coke and Coca-Cola Zero Sugar in North America. The Atlanta company yesterday posted second-quarter profit of US$2.32 billion. Earnings, adjusted for one-time gains and costs, came to 61 US cents per share, a penny better than analysts surveyed by Zacks Investment Research had expected. Revenue was US$8.93 billion, which also beat forecasts for US$8.54 billion.
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