Coca-Cola revenues slip, but it's staying focused on soft drinks

A soft U.S. dollar and cautious consumers in many world markets kept Coca-Cola Co. (KO) profits in check in the third quarter. But Coke executives stressed on Tuesday that the company's fundamentals remain strong as does growth in key emerging markets.

"Our company's focus on a consistent set of strategic initiatives is proving successful," said Chairman and Chief Executive Muhtar Kent, speaking to a group of investors on a conference call after the earnings release. Kent noted, for example, that volume rose by 37 percent in India, 15 percent in China and 3 percent in Brazil.