(Coca-Cola earnings details added to this update.)
reported fourth-quarter earnings in line with estimates as international unit case volumes soared.
Coca-Cola reported earnings of $1.54 billion, or 66 cents a share, in line with the estimates of analysts surveyed by Thomson Reuters, and above year-earlier earnings of $995 million, or 43 cents a share.
Unit case volume in the quarter rose 5%. In emerging markets such as China and India, unit case volume rose 29% and 20%, respectively. The company also achieved 12% unit case volume growth in 118 countries with per capita consumption of Coca-Cola products less than 150 eight-ounce servings per year.
The Eurasian and African group's unit case volume increased 5% in the quarter, while the Latin American group continued to deliver strong unit case volume growth with 7% growth. The European group's unit case volume increased 1% in the quarter.
Net revenue in the quarter rose to $7.51 billion, ahead of the estimates of analysts and above year-earlier revenue of $7.13 billion.
Coca-Cola expects currencies to have a slightly positive impact on full-year 2010 operating income with the benefit more heavily weighted to the first half of 2010. It also anticipates that its underlying effective tax rate on operations for the full year 2010 will be in the range of 23% to 23.5%.
-- Reported by Joseph Woelfel in New York.
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