Coke ( KO) beat second-quarter earnings targets as revenue crept up 3%.The Atlanta-based seller of corn-syrup solution made $1.84 billion, or 78 cents a share, for the latest quarter, up from the year-ago $1.72 billion, or 72 cents a share. The latest quarter includes a 4-cent gain on an offering of shares in a Turkish bottler. Excluding that gain, earnings were 74 cents a share, 2 cents ahead of the Thomson Financial consensus estimate. Revenue rose to $6.47 billion from $6.31 billion a year earlier, beating the $6.44 billion Thomson analyst consensus. Second-quarter revenue increased 3% vs. the prior year, reflecting a 5% increase in gallon sales and even pricing and mix, offset by a 2% decrease from structural changes, primarily from the change in the business model in Spain and a neutral currency impact. Unit case volume rose 4% in the second quarter, led by double-digit growth in key emerging markets, including China, Russia, Turkey and Argentina. In addition, both North America and Latin America delivered another solid quarter of unit case volume growth and the European Union showed improved performance across all divisions. Offsetting these results were unit case volume declines in Japan, the Philippines, and India. The company repurchased $666 million of its stock in the second quarter and intends to repurchase $2 billion to $2.5 billion worth of its stock for the full year.