Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / Coca-Cola profit slightly better than expected
BackBack

Coca-Cola profit slightly better than expected

Coca-Cola profit slightly better than expected

Premium

New York: Coca-Cola Co reported slightly better-than-expected quarterly results on Tuesday, helped by strong growth in emerging markets.

The world’s largest soft-drink maker, with brands including Sprite, vitaminwater and Powerade, reported net income of $2.80 billion, or $1.20 per share for the second quarter, compared with $2.37 billion, or $1.02 per share, a year earlier.

Excluding one-time items, earnings were $1.17 per share. Analysts on average were expecting $1.16 per share, according to Thomson Reuters I/B/E/S.

Revenue rose to $12.74 billion, with worldwide volume up 6%. North American volume, excluding new cross-licensed brands such as Dr Pepper, was flat in the quarter. That compares with gains of 2% in the first quarter, 3% in the fourth quarter and 2% in the third quarter.

Analysts were expecting revenue of $12.38 billion.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 19 Jul 2011, 05:23 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie