Coca-Cola profits fall by more than half

Posted online February 9, 2017 | 12:31 pm

Coca-Cola Co. posted quarterly net income attributable to the company's shareholders of $550 million, a decrease from $1.2 billion a year earlier.

The quarter included a $919 million charge related to the refranchising of some of the company's bottling operations in North America.

Revenue dropped 6 percent to $9.4 billion.

Read more from Reuters.

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