Coca-Cola's profit up as sales grow worldwide

5:16 AM, Oct 17, 2012   |    comments
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NEW YORK -- The Coca-Cola Co. says its net income rose 4 percent in the third quarter, as the world's biggest beverage maker expanded in in emerging markets and relied more heavily on sports drinks and teas for growth home.

The Atlanta-based company, which makes Sprite, Fanta and Dasani water, says global sales volume rose 4 percent during the period. But the increase was more pronounced in emerging markets.

The company says it earned $2.31 billion, or 50 cents per share, for the period. That compares with $2.22 billion, or 48 cents per share, in the year-ago quarter. Not including one-time items, the company says it earned 51 cents per share, in line with analyst expectations.

Revenue rose 1 percent to $12.34 billion, but fell shy of Wall Street expectations of $12.4 billion.

(Associated Press)

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