• A truck transports bottles from the Coca-Cola company on the outskirts of Moscow, August 6, 2014.  REUTERS/Maxim Shemetov/File Photo

    A truck transports bottles from the Coca-Cola company on the outskirts of Moscow, August 6, 2014. REUTERS/Maxim Shemetov/File Photo (Copyright Reuters 2016)

  • The logo of Dow Jones Industrial Average stock market index listed company Coca-Cola (KO) is seen in Los Angeles, California, United States, April 4, 2016. REUTERS/Lucy Nicholson

    The logo of Dow Jones Industrial Average stock market index listed company Coca-Cola (KO) is seen in Los Angeles, California, United States, April 4, 2016. REUTERS/Lucy Nicholson (Copyright Reuters 2016)

Coca-Cola quarterly revenue falls 7 percent

Features Reuters

Coca-Cola Co 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.

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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.

Net operating revenue fell to $10.63 billion from $11.43 billion a year earlier, the sixth straight quarter of decline.

(Reporting by Sruthi Ramakrishnan in Bengaluru, Editing by Anil D'Silva)