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)

By Associated Press April 25, 2017 1 min read

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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