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
>To contact the writer of this article, click here: Alexandra Zendrian
>To submit a news tip, send an email to: firstname.lastname@example.org.
>To follow the writer on Twitter, go to Alexandra Zendrian.