Coca-Cola’s second quarter was better than expected

Coca-Cola reported better than expected second quarter results, thanks to increasing domestic and foreign sales volume.

The company's net profit at the same time, decreased from 2.80 billion USD to 2.79 billion USD, in the second quarter, compared to the same period of last year, due to the rising raw material prices. The profit per share profit increased to 1.21 USD per share from 1.20 USD of a year earlier. Without counting the one-time items, Coca-Cola's earnings per share became 1.22 USD, which surpassed the analysts’ 1.19 USD per share expectations.

Coca Cola’s revenue rose by 3 percent to 13.09 billion USD, while analysts expected 12.98 billion.  The sales volume increased by 4 percent. In North America a 1 percent internationally a 5 percent expansion occured. (Profitline.hu)