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Coca-Cola fiscal Q2 profit falls YOY

Coca Cola Co. said its normalized net income for the fiscal second quarter ended July 3 was 52 cents per share, compared with the S&P Capital IQ consensus estimate of 60 cents per share.

In the prior-year period, the per-share result came in at a profit of 52 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $2.29 billion, compared with $2.30 billion in the second quarter ended June 27, 2014.

The normalized profit margin rose to 18.7% from 18.3% in the year-earlier period.

Total revenue decreased on an annual basis to $12.16 billion from $12.57 billion, and total operating expenses fell from the prior-year period to $8.96 billion from $9.20 billion.

Reported net income grew 21.1% year over year to $3.13 billion, or 71 cents per share, from $2.58 billion, or 58 cents per share.