Weak Europe demand, strong dollar take fizz out of Coke's sales

April 20, 2016 3:53 PM

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Coca-Cola Co's (KO.N) sales fell for the fourth straight quarter as demand weakened for its fizzy drinks in Europe and a strong dollar ate into revenue from other markets outside the United States, including Latin America.

Shares of the world's largest beverage maker, which maintained its revenue and earnings growth forecasts for 2016, fell as much as 5.5 percent to $44.06 on Wednesday.

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