Coca-Cola Profit Tops Estimates After Higher Pricing
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Coca-Cola Co., the world’s largest soft-drink maker, reported second-quarter profit that topped analysts’ estimates, helped by pricing increases in North America late last year.
Net income was little changed at $2.79 billion, or $1.21 a share, compared with $2.8 billion, or $1.20, a year earlier, Atlanta-based Coca-Cola said today in a statement. Excluding some items, profit totaled $1.22 a share. Analysts projected $1.19, the average of 14 estimates compiled by Bloomberg.