The rise in profits is due to restructuring changes and asset write-downs from the previous quarter. (photo courtesy of Wikimedia)
The world’s largest beverage maker says its profits spiked 43% in the second-quarter, topping Wall Street expectations.
The rise in profits for Atlanta-based Coca-Cola is due to big restructuring changes and asset write-downs from the previous quarter clearing off the books. Sales for the second quarter actually fell 9%.
Coca-Cola earned just-over $2 billion, or 88 cents a share for the quarter ending July 3rd. It’s a jump up from $1.4 billion in revenue from the year earlier.
