Coca-Cola quarterly revenue falls 7 percent


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)