Why Coca-Cola (KO) Stock Is Higher In Pre-Market Trade

NEW YORK (TheStreet) -- Shares of Coca-Cola Co.  (KO) are up 2.63% to $39.75 after the company reported better-than-expected quarterly revenue as strong sales in China, up 12%, offsetting a decline in Europe and flat volumes in North America.

Th company said net revenues declined 4%, but "excluding the impact of structural changes, comparable currency neutral net revenues grew 2%."

Also, they reported "operating income declined 1%. Excluding the impact of structural changes, comparable currency neutral operating income grew 7% while we accelerated investments behind our brands."

The company reported that "EPS was $0.36, down 6%, and comparable EPS was $0.44, down 4%. Comparable currency neutral EPS increased 5%."

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TheStreet Ratings team rates COCA-COLA CO as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate COCA-COLA CO (KO) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its expanding profit margins, good cash flow from operations, reasonable valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

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