For investors, Coke’s the real thing
Coca-Cola Co.’s second-quarter profit rose 18 percent on strong growth overseas and the acquisition of a bottler, beating expectations. The stock hit a 52-week high. Coca-Cola, based in Atlanta, said net income rose to $2.8 billion, or $1.20 per share, from $2.37 billion, or $1.02, a year earlier. Revenue climbed 47 percent to $12.74 billion, largely on its bottler acquisition. Global sales volume rose 6 percent.