Coca-Cola reported a higher-than-expected quarterly profit

Coca-Cola, The world's largest soft drink maker said net income was $2.79 billion in the second quarter, down from $2.80 billion a year earlier. Net earnings per share rose to $1.21 from $1.20 because of fewer shares outstanding.

Excluding items, earnings were $1.22 per share, topping the analysts' average estimate of $1.19, according to Thomson Reuters I/B/E/S.

Revenue rose about 3 percent to $13.09 billion. Analysts had expected $12.98 billion.

Sales volume rose 4 percent, with North America growing 1 percent and international up 5 percent.

Coke shares rose 1.1 percent to $77.31 in trading before the market opened.


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