UPDATE 1-Coca-Cola 4th-quarter profit narrowly tops Street view

Feb 12 (Reuters) - Coca-Cola Co reported quarterly earnings on Tuesday that were slightly better than expected, as strength in emerging markets offset a decline in its European business.

The world's largest soft drink maker, with brands such as Sprite, Fanta and Minute Maid, said net income was $1.87 billion, or 41 cents per share, in the fourth quarter, up from $1.66 billion, or 36 cents per share, a year earlier.

Excluding restructuring charges and other one-time items, earnings were 45 cents per share, topping analysts' average estimate, according to Thomson Reuters I/B/E/S, by a penny.

Revenue rose 4 percent to $11.46 billion. Analysts were expecting $11.53 billion.

Coca-Cola shares were down 0.2 percent at $38.52 in premarket trading.