Helped by strong global sales of its Coca-Cola brand products, Coca-Cola Company Tuesday reported higher quarterly earnings and lower revenue due to volatility in some parts of Europe.
India delivered 6 percent volume growth in the quarter driving sequential improvements compared to last quarter.
Net income rose 6 percent to $2.45 billion, or 54 cents per share, in the third quarter from $2.31 billion, or 50 cents per share, a year earlier.
Revenue fell 3 percent to $12.03 billion, the company said.
The company reported worldwide volume growth of 2 percent in the third quarter against the backdrop of increasing volatility in several emerging markets, bringing year-to-date worldwide volume growth to 2 percent.
"We delivered sound third quarter results in the confines of an ongoing challenged macroeconomic environment driven by increasing volatility across emerging markets," said Muhtar Kent, chairman and chief executive officer.
"Our global volume grew 2 percent in the quarter and we continued to grow worldwide value share in total nonalcoholic ready-to-drink beverages due to the strength of our portfolio, the diversity of our global footprint and an ongoing concerted focus on marketplace execution. "
Kent highlighted headwinds like emerging-market currency volatility and a challenging macroeconomic environment.
