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VOL. 36 | NO. 15 | Friday, April 13, 2012
National Business
Coca-Cola says stronger volume lifts profit in 1Q
NEW YORK (AP) — The Coca Cola Co. says its net income rose 8 percent in the first quarter as it sold more drinks around the world.
The world's biggest drinks maker says it earned $2.05 billion, or 89 cents per share, for the three months ended March 30. That's compared with a net income of $1.9 billion, or 82 cents per share, in the year-ago period.
Analysts on average expected a profit of 88 cents per share, according to Fact Set.
The Atlanta-based company says the higher profit was driven by a 5 percent increase in global volume, with growth across all regions.