Coke 2Q beats Street
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July 18, 2001: 8:10 a.m. ET
Improved North American sales lift soft-drink maker past estimates
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NEW YORK (CNNfn) - Coca-Cola Co. reported second-quarter earnings Wednesday that edged Wall Street estimates on stronger North American sales.
The world's largest soft-drink company reported earnings of $1.12 billion, or 45 cents a diluted share, up from $926 million, or 37 cents a share, a year ago. Analysts surveyed by earnings tracker First Call had forecast 43 cents a share.
Shares of Coke (KO: Research, Estimates), one of six components of the Dow Jones industrial average due to report results Wednesday, gained 15 cents to $47.13 Tuesday.
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