Coke's Profits Rise, U.S. Case Volume Falls

Coca-Cola's adjusted first-quarter earnings of 80 cents a share topped the estimates of analysts.
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ATLANTA (

TheStreet

) --

Coca-Cola's

(KO) - Get Report

adjusted first-quarter earnings of 80 cents a share topped the estimates of analysts as unit case volume rose 3%.

Coca-Cola said its international unit case volume grew 5%; unit case volume in North America fell 2%.

Analysts surveyed by Thomson Reuters expected the beverage company to earn 75 cents a share.

Excluding items, earnings in the quarter were $1.61 billion, or 69 cents a share, compared with year-earlier earnings of $1.35 billion, or 58 cents a share.

Coca-Cola said revenue rose 5% to $7.53 billion in the first quarter; analysts estimated revenue of $7.72 billion.

-- Reported by Joseph Woelfel in New York.

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