Coke falls shy of 1Q profit forecasts


              In this Friday, April 21, 2017, photo, a can of Coca-Cola Zero is arranged for a photo in Surfside, Fla. On Tuesday, April 25, 2017, The Coca-Cola Company reports earnings. (AP Photo/Wilfredo Lee)
In this Friday, April 21, 2017, photo, a can of Coca-Cola Zero is arranged for a photo in Surfside, Fla. On Tuesday, April 25, 2017, The Coca-Cola Company reports earnings. (AP Photo/Wilfredo Lee)

ATLANTA (AP) - Coca-Cola Co. is reporting first-quarter earnings of $1.18 billion.

The Atlanta company on Tuesday reported profit of 27 cents per share. Earnings, adjusted for one-time gains and costs, were 43 cents per share.

The results fell just short of Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share.

The world's largest beverage maker posted revenue of $9.12 billion in the period, beating Street forecasts. Six analysts surveyed by Zacks expected $8.96 billion.

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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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Keywords: Coca-Cola, Earnings Report, Priority Earnings

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