October 30, 2018 / 11:07 AM / 21 days ago

Coca-Cola tops sales estimates

Oct 30 (Reuters) - Coca-Cola Co reported quarterly sales that topped Wall Street estimates on Tuesday, as more consumers reached for new versions of its sugar-free sodas and sparkling water.

Volumes, a key indicator of demand, grew 2 percent in the third quarter ended Sept. 28 on strong performance of its trademark Coca-Cola brand.

Revenue fell 9 percent to $8.2 billion, hurt by the divestiture of its low-margin bottling operations.

Analysts had estimated sales of $8.17 billion, according to Refinitiv estimates. (Reporting by Aishwarya Venugopal in Bengaluru; Editing by Sriraj Kalluvila)

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