Coke said it remains on track to complete the transaction in the fourth quarter. For the second quarter, Coke reported net income of $2.37 billion, or $1.02 a share, up 16%, on revenue of $8.67 billion, up 5%. After considering the items impacting comparability, earnings per share for the quarter were $1.06, an increase of 15%. The Wall Street consensus estimate for the quarter was earnings of $1.03 a share on revenue of $8.7 billion. Shares in Coke are up 2.4% to $54.52 in Wednesday trading. >>Search for Highest Dividends by Rate or Yield During the quarter, volume increased 5%, ahead of Coke's long-term target.
NEW YORK ( TheStreet) -- Coca-Cola ( KO) reported an increase in second-quarter earnings and revenue as the company continues to make progress with the planning related to its integration of Coca-Cola Enterprises' ( CCE) North American bottling business.
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