Coca-Cola Beats Profit Estimates, Shares Rise
NEW YORK (TheStreet) -- Coca-Cola (KO) , the beverage giant, reported first-quarter net income of $2.05 billion, or 89 cents a share, up from year-earlier earnings of $1.9 billion, or 82 cents.
The company's first-quarter net operating revenue was $11.1 billion.
Coca-Cola's volume increased 5% in the first quarter with 20% volume growth in India and 9% growth in China.
Coca-Cola was expected by analysts Tuesday to post first-quarter profit of 88 cents a share on revenue of $10.82 billion.
Shares of Coca-Cola ticked up 56 cents, or 0.77%, in premarket trading Tuesday to $73.
-- Written by Alexandra Zendrian
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