Coca-Cola’s profit for the second quarter of 2016 has reached $US3.5 billion ($A4.6 billion).
The Atlanta-based company said its net income of 79 cents per share topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 58 cents per share.
The world’s largest beverage maker posted revenue of $US11.5 billion in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $US11.7 billion.
Coke shares have climbed 4.5 per cent since the beginning of the year, while the Standard & Poor’s 500 index has increased six per cent. The stock has climbed 11 per cent in the last 12 months.
