Coca-Cola's flash report corresponding to the expectations

Coca-Cola's third quarterly report meets the expectations: by eliminating the effects of non-recurring items, profits were 1.03 USD per share in when the markets expected 1.02 USD. Management reports that the company is “satisfied” with the results.

Coca-Cola's revenue jumped to 12.25 billion USD in third quarter of 2011 from 8.43 billion USD of a year earlier, which caused a smaller positive surprise, the analyst consensus was 12.02 billion USD. The consolidation of Coca-Cola Enterprises is behind the huge increase primarily. The foreign exchange rate changes have also helped the revenue by 5 percent and the sales volume has also shown 5 percent dynamics in the third quarter, compared to the same period of the previous year – reports portfolio.hu.