Coca-Cola reported first-quarter earnings on Wednesday that exceeded Wall Street's expectations, boosted by a rise in sales in Europe and emerging markets.
Coca-Cola posted quarterly earnings excluding items of 46 cents per share, versus 45 cents in the comparable year-ago period. Revenue, however, dipped to $11.04 billion, from $11.14 billion a year ago.
Analysts had expected Coca-Cola to report earnings per share of 45 cents on $10.94 billion in revenue,according to a consensus estimate from Thomson Reuters.
The soft drink giant cited strong volume growth in regions that included Thailand, India, Russia, Mexico and Brazil. Coca-Cola saw more modest growth in China and the U.S., where volumes rose by one percent in each market.