Coca-Cola reports drop in earnings, revenue

Coca-Cola posted decreases in earnings and revenue as the company was hurt by high levels of inflation in certain Latin American countries and divestitures of some bottling business.

Net income attributable to its shareholders dropped to $1.05 billion, or 24 cents per share, from $1.45 billion, or 33 cents per share, a year earlier.

Third-quarter net operating revenue fell to $10.6 billion from $11.4 billion, marking the sixth straight quarter of declines.

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