Coca-Cola 2Q net income rises on overseas growth

By the Associated Press | July 19, 2011 | 7:59 AM EDT

ATLANTA (AP) — Coca-Cola Co. says its second-quarter net income rose 18 percent as it sold more drinks around the world, especially its namesake brand.

The world's largest beverage maker earned $2.8 billion, or $1.20 per share, for the three months ended July 1. That's up from $2.37 billion, or $1.02 per share, in the same quarter last year.

Revenue climbed 47 percent to $12.74 billion from $8.67 billion, partly because of Coke's acquisition of its largest North American bottler.

The results beat analysts' forecasts for earnings of $1.15 per share on revenue of $12.39 billion.

The Atlanta company said Tuesday that it sold 4 percent more of its Coca-Cola brand drinks globally.

Coca-Cola has seen consistent growth for years because of steady sales in established markets and faster increases in emerging markets.