ATLANTA (AP) _ Coca-Cola Co. (KO) on Thursday reported third-quarter net income of $1.74 billion.

On a per-share basis, the Atlanta-based company said it had profit of 40 cents. Earnings, adjusted for non-recurring costs, came to 55 cents per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share.

The world's largest beverage maker posted revenue of $8.65 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $8.35 billion.

Coke shares have fallen roughly 10% since the beginning of the year, while the Standard & Poor's 500 index has risen slightly more than 6%. The stock has decreased roughly 8% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KO at https://www.zacks.com/ap/KO

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