Have A Coke (KO) And A Smile, Good Quarter On Tap

October 17, 2007 by Douglas A. McIntyre

The Coca-Cola Company (KO) reported third quarter earnings per share of $0.71, an increase of 15 percent versus the prior year quarter. Earnings per share for the quarter included a $0.03 per share charge primarily related to restructuring.

For the period, revenue rose 19% to $7.7 billion. Operating income was up 10% to $1.83 billion. Net income rose 13% to $1.65 billion.

The company’s CEO commented "Once again, this strong performance was led by our international business. Emerging market growth, combined with sequential improvement in North America, resulted in our third consecutive quarter of 6 percent unit case volume growth."

The stock trades at almost $58, near its 52-week high, and, based on these results, deserves to stay there.

Douglas A. McIntyre

Essential Tips for Investing: Sponsored

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.