Coca-Cola Profit Underwhelms Investors Seeking Faster Turnaround

April 20, 2016 11:37 AM

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Coca-Cola Co. posted first-quarter results that mostly met analysts’ expectations, underwhelming investors who’d been optimistic that a stronger turnaround was taking hold.

Earnings were 45 cents a share, excluding some items, the Atlanta-based company said in a statement on Wednesday. Analysts estimated 44 cents, on average. Sales fell 4 percent to $10.3 billion, matching analysts’ average projection.

Also read: Coke profit falls 28 percent, but beats expectations

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