Coca-Cola Q2 Profit Tops View - Quick Facts

(RTTNews) - Beverages giant Coca-Cola Co. (KO) Wednesday said its second-quarter attributable net income climbed 20 percent to $3.108 billion from $2.595 billion in the previous year. Earnings per share grew to $0.71 from $0.58.

Comparable earnings per share were $0.63, while it totaled $0.64 last year. On average, 20 analysts polled by Thomson Reuters expected earnings of $0.60 per share for the quarter. Analysts' estimates typically exclude special items.

Net operating revenues slipped to $12.156 billion from $12.574 billion in the prior year. Analysts expected revenues of $12.06 billion.

While reported net revenue declined 3 percent, organic revenue grew 4 percent.

Muhtar Kent, Chairman and CEO, said, "Our second quarter results were in line with our expectations and mark continued progress toward restoring momentum in our global business."

For the full year, the company's comparable currency neutral growth expectations remain unchanged.

In April, the company had said that it expects full-year comparable currency neutral earnings per share growth in mid-single digits, roughly in line with its growth rate in 2014.