Coca-Cola (KO) Once Again Beats Wall Street Estimates – 3Q Profits Up 14%
Coca-Cola has been able to weather the economic uncertainties in today’s markets because of the global nature of the company - a good benchmark of a good investment. The company saw a 5 percent increase in case volume in the quarter, including 3 percent growth in carbonated drinks and 10 percent growth in noncarbonated drinks, including juices and bottled water. International sales volume grew 7 percent, with particular strength in countries such as China, Turkey, India, Pakistan and Nigeria. "This is well ahead of expectation and should help allay fears that global macro pressures will cause significant demand deterioration," Goldman…