Coca Cola’s (KO) first quarter results beat analyst estimates on Wednesday. The company reported earnings of $1.56 billion or $0.35 per share, down from from $0.36 per share last year. The strong dollar weighed on Coke’s bottom line but the stock was up on the better than expected results.The beverage giant saw the first rise in revenue for nine quarters, boosted by a six percent increase in the North American market. The maker of Spite, Minute Maid and Powerade has been working to cut $3 billion in costs and has raised product prices to offset declining soda sales. Sales of non-carbonated drinks were up 2 percent.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
