Coca-Cola posts stronger than expected profits

Coca-Cola is the world’s largest soft drink maker and they have just posted their latest quarterly results. Coke has posted stronger-than-expected quarterly profits as they have gained significantly in newer markets like Brazil and China.

Coke also benefited from stronger sales of their products like Dasani bottled water and PowerAde sports drink. The company’s share gained at the stock market after this impressive performance.

Coke reported second-quarter profit of $1.84 billion, or 78 cents a share. This is an improvement from $1.72 billion, or 72 cents a share, a year earlier. As a result, they have now managed to top analysts’ forecasts for eight quarters in a row.

The revenues for the company were up at $6.48 billion from $6.31 billion. Their shares are up 7.5 percent this year and trade at nearly 19 times expected 2006 earnings.

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