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Coca-Cola reports higher profit, lower revenue for third quarter

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Reuters
Last Updated : Oct 15 2013 | 6:26 PM IST

REUTERS - Coca-Cola Co reported higher quarterly earnings and lower revenue on Tuesday, helped by strong global sales of its Coca-Cola brand products but challenged by volatility in some parts of Europe.

Net income rose 6 percent to $2.45 billion, or 54 cents per share, in the third quarter from $2.31 billion, or 50 cents per share, a year earlier.

Revenue fell 3 percent to $12.03 billion from $12.34 billion.

(Reporting by Atossa Araxia Abrahamian; Editing by Lisa Von Ahn)

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First Published: Oct 15 2013 | 6:19 PM IST

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