Coca-Cola Gains After New Drinks, Coke Zero Boost Earnings
- Beverage giant is diversifying beyond its namesake soft drink
- Shares rise in early trading as profit exceeds estimates
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Coca-Cola Co.’s push to diversify its drinks and spin off company-owned bottlers is bearing fruit.
The company posted sales that beat analysts’ estimates in the fourth quarter, helped by its growing beverage portfolio and reformulations. Profit also topped projections.