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Turkey's Coca-Cola Icecek falls after Q3 miss, guidance cut



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** Shares in Coca-Cola Icecek COCOLA.IS fall around 6% after the Turkey-based beverage distributor announced lower-than-expected results and cut guidance for the second time in a year

** Q3 net profit falls 61.4% y/y, which Halk Yatirim says is below market estimates

** The brokeragenotes the accelerated contraction in international operations, which along with the management's downward revision of outlook, hitshare price performance

** Brokerage Deniz Yatırım pointsto sharp decline in sales volume and sales revenue, increasing net debt balance

** J.P.Morgan says it expects two more challenging quarters for Coca-Cola Icecek due to slowdown in Turkey

** The stocks is the second-worst performer on Turkey's BIST-100 .XU100 index and hits its lowest price since January




Reporting by Miraç Eren Dereli, Canan Sevgili

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