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Coca-Cola’s revenues were crushed by some Latin American countries (KO)

October 26, 2016

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Coca-Cola reported a 7 percent drop in quarterly revenue, hurt by high levels of inflation in certain Latin American countries and divestitures of some bottling business.

The company said net income attributable to its shareholders fell to $1.05 billion, or 24 cents per share, in the third quarter ended Sept. 30 from $1.45 billion, or 33 cents per share, a year earlier.

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