Coca-Cola profit beat expectations as volume grew

Reuters, Tuesday 17 Apr 2012

The global largest soft drink maker achieved 7 per cent rise in first quarter profits

Coca-Cola Co reported higher-than-expected quarterly results on Tuesday after the world's largest soft drink maker sold more beverages.

The maker of Sprite, Minute Maid orange juice and vitaminwater said its first-quarter profit was $2.05 billion, or 89 cents per share, up from $1.90 billion, or 82 cents per share, a year earlier.

Revenue rose 6 per cent to $11.14 billion.

Analysts on average were expecting earnings of 87 cents per share on revenue of $10.82 billion, according to Thomson Reuters I/B/E/S.

Sales volume rose 5 per cent, with growth across every geographic region.

Coke shares were up 0.8 per cent at $73 in premarket trading.

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