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Coca-Cola (KO Quote) reaffirmed its second-quarter and full-year financial outlook Wednesday.
The Atlanta-based beverage company expects its international business, which represents more than 80% of its operating income, will continue to offset weakness in its North America operations, while currency is likely to provide a mid-single digit benefit to 2008 operating income.
The announcement came shortly after the company's largest bottler, Coca-Cola Enterprises (CCE Quote), revealed it now expects a mid to high single-digit year-over-year decline in second-quarter earnings. ...
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