Coke rides on sales of healthier drinks

Published 10-30-2018

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ATLANTA (AP) - Strong sales of sparkling water and sugar-free drinks are powering third-quarter earnings for Coca-Cola Co.

The company on Tuesday posted net income of $1.88 billion, or 44 cents per share. Earnings, adjusted to account for discontinued operations and non-recurring costs, came to 58 cents per share, which is 3 cents better than Wall Street expected, according to a survey by Zacks Investment Research.

The world's largest beverage maker posted revenue of $8.24 billion in the period, just above expectations.

Coke shares have risen slightly more than 1 percent since the beginning of the year.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KO at https://www.zacks.com/ap/KO

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