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.
ATLANTA (
) --
Coca-Cola's
(KO) - Get Coca-Cola Company 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%.
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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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