Coke Posts Profit Beat as Revenue Soars 45%

ATLANTA ( TheStreet) -- Coca-Cola ( KO ), the beverages giant, posted adjusted third-quarter earnings of $1.03 a share, a penny above analysts' estimates, as worldwide volume rose 5% and revenue jumped 45% to $12.25 billion.

Analysts surveyed by Thomson Reuters expected Coke to earn $1.02 a share in the third quarter on revenue of $12.01 billion.

Reported earnings in the quarter were $2.22 billion, or 95 cents a share, up from $2.06 billion, or 88 cents, a year earlier.

Coca-Cola, in a press release Tuesday, said North American organic volume growth was 1% in the third quarter.

-- Written by Joseph Woelfel

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