Coca-Cola’s, $KO, Revenues and Profits Rise on Volume Growth

Source 

“(Reuters) – Coca-Cola Co (NYS:KO – News) reported higher-than-expected quarterly results on Tuesday after the world’s largest soft drink maker sold more beverages.

The maker of Sprite, Minute Maid orange juice and vitaminwater said its first-quarter profit was $2.05 billion, or 89 cents per share, up from $1.90 billion, or 82 cents per share, a year earlier.

Revenue rose 6 percent to $11.14 billion.

Analysts on average were expecting earnings of 87 cents per share on revenue of $10.82 billion, according to Thomson Reuters I/B/E/S.

Sales volume rose 5 percent, with growth across every geographic region.

Coke shares were up 0.8 percent at $73 in premarket trading.

(Reporting by Martinne Geller in New York; Editing by Gerald E. McCormick and Lisa Von Ahn)”