Coke Posts First-Quarter Profit; Sales Grow Modestly.

From: Knight Ridder/Tribune Business News | Date: April 17, 2003 | Copyright information

By Scott Leith, The Atlanta Journal-Constitution Knight Ridder/Tribune Business News

Apr. 17--HOUSTON -- Coca-Cola posted a first-quarter profit, but sales grew only modestly as the company dealt with worldwide troubles ranging from economic malaise to worries about the war in Iraq.

The results surprised some on Wall Street, leading to a rough day for Coke shares, which closed at $39.90, down $2.63.

Coke announced its results Wednesday as shareholders gathered for the annual meeting in Houston, home of Coke's Minute Maid unit.

Coke said its profit was $835 ...

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