Coca-Cola reported better-than-expected quarterly revenue, as strong sales in China more than offset a drop in Europe and flat volumes in North America.
"We're beginning to get our momentum back here the beginning of 2014," Coca-Cola Chairman and CEO Muhtar Kent said on CNBC Tuesday, right after the company reported profits in-line with expectations.
Excluding items, first quarter earnings come in at 44 cents a share. While revenue beat estimates, it dropped 4 percent to $10.58 billion.
"We're a business that generates 80 percent of its income outside the United States," Kent explained. "In the last three years ... we have had to deal with almost $2 billion in currency headwinds cumulative."
After the earnings announcement, the company's shares rose more than 2 percent in premarket trading. Click here to get the latest quotes for Coke.