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. Last Updated: 07/27/2016

Coke Sets Earnings

NEW YORK -- Coca-Cola Co. executives say the current restructuring program will result in 800 fewer job cuts than expected, but should still help the soft-drink giant achieve long-term annual growth of 15 percent in earnings per share.

The company also reaffirmed in a nearly five-hour meeting with securities analysts Tuesday that it expected its worldwide sales volume to grow 7 percent to 8 percent over the long term after somewhat slower growth this year.

The volume and earnings projections surprised some analysts who had expected Coca-Cola would project slightly lower growth, partly because of overseas economic uncertainty and local competition.