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Coca-Cola 1Q profit rises 19 pct on overseas gains

Coca-Cola 1Q profit rises 19 pct on overseas gains

Coca-Cola says its first-quarter profit climbed 19 percent as the world's largest drink maker saw rapid growth overseas.
That offset persistent weakness in the U.S. as shoppers bought less soda.
The results were weaker than analyst expectations. The company says its earnings rose to $1.61 billion, or 69 cents per share. That's up from $1.35 billion, or 58 cents a share, in the same period last year.
Revenue rose 5 percent to $7.53 billion in the three months ending April 2.
According to Thomson Reuters, analysts expected earnings of 75 cents per share on revenue of $7.72 billion.
Coca-Cola Co. says worldwide unit case volume rose 3 percent. India's volume grew 29 percent. In North America, case volume fell 2 percent.