On February 12, 2009, Coca-Cola reported Q4 earnings of $0.64/share, in line with consensus estimates. Revenues were $7.1 billion, down 15.1% from the same period one year ago, falling short of the $7.5 billion analyst estimates. Full year 2008 earnings were $3.15/share.
Coca-Cola has been actively pursuing growth in its China markets. On March 18th, China rejected Coke's $2.4 billion bid for China Huiyuan Juice Group Ltd, saying the merger would reduce competition.
Coca-Cola Bottling/Angola is aiming to reduce imports of bottle juice and water by 60% by late 2009 or early 2010, hoping to begin trading such products.
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