Posted: Oct 19, 2010 6:57 AM by Nichole Larkey
ATLANTA (AP) - Coca-Cola says its net income rose 8.4 percent as it sold more of its soft drinks and juices around the world and U.S. sales extended their rebound.
The world's largest soft drink maker said Tuesday it earned $2.06 billion or 88 cents per share in the three months ending Oct. 1, up from $1.9 billion or 81 cents per share last year.
Revenue rose 4.7 percent to $8.43 billion. Analysts expected the company to earn 89 cents per share on
revenue of $8.3 billion in the quarter.
For the second quarter in a row, the company sold more drinks in North America. The figure rose 2 percent. Coca-Cola's gain in the measurement last quarter marked the first increase in four years.