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The PJ Tatler

Coke, Flat

by
Bryan Preston

Bio

July 17, 2012 - 9:09 am

Coca-Cola Co., KO +1.53% the Atlanta soft-drink firm, reported on Tuesday that second-quarter net income was about even with a year earlier on 2.7% higher revenue. Earnings were $2.79 billion versus $2.8 billion in the year-earlier period. Profit per share rose to $1.21 from $1.20 as shares outstanding fell 1.5% to 2.3 billion. Revenue reached $13.09 billion from $12.74 billion. A survey of analysts by FactSet Research produced a consensus estimate of profit of $1.19 a share. Coke sold 4% more drinks by volume in the latest quarter than it did a year earlier. Carbonated-beverage volume rose 2% and non-carbonated drinks — water, juice, juice drink, tea and coffee, and sports and energy drinks — rose 9%.

Bryan Preston has been a leading conservative blogger and opinionator since founding his first blog in 2001. Bryan is a military veteran, worked for NASA, was a founding blogger and producer at Hot Air, was producer of the Laura Ingraham Show and, most recently before joining PJM, was Communications Director of the Republican Party of Texas.