Coca-Cola tops sales estimates

Reuters 

(Reuters) - Coca-Co reported sales that topped Wall Street estimates for the tenth straight quarter, benefiting from higher prices and strong demand for its zero-sugar sodas.

The company's revenue fell 6 percent to $7.1 billion in the fourth quarter ended Dec. 31, hurt by the refranchising of its low-margin bottling operations. Analysts had estimated sales of $7.03 billion, according to IBES data from Refinitiv.

(Reporting by in Bengaluru; Editing by Saumyadeb Chakrabarty)

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First Published: Thu, February 14 2019. 17:41 IST