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Coca-Cola reports higher 3rd qtr profit
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Bottles of Coca-Cola are seen on the production line at their bottling plant in Clamart near Paris June 10, 2010. Coca-Cola Co reported a higher quarterly profit on Tuesday, helped by volume increases in its North American and international businesses.
Credit: Reuters/Jacky Naegelen/Files
NEW YORK |
NEW YORK (Reuters) - Coca-Cola Co (KO.N) reported a higher quarterly profit on Tuesday, helped by volume increases in its North American and international businesses.
The world's largest soft drink maker's third-quarter net income was $2.06 billion, or 88 cents per share, up from $1.90 billion, or 81 cents per share, a year earlier.
Revenue rose 5 percent to $8.43 billion as worldwide volume rose 5 percent.
Volume in North America rose 2 percent in the third quarter. That follows a 2 percent increase in the second quarter, which was its first increase in over two years.
(Reporting by Martinne Geller; Editing by Derek Caney)
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