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Coca-Cola tops sales estimates on higher Diet Coke demand

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Coca-Cola tops sales estimates on higher Diet Coke demand

Coca-Cola tops sales estimates on higher Diet Coke demand
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George Frey(Reuters)
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(Reuters) - Coca-Cola Co <KO.N> topped Wall Street estimates for quarterly sales on Wednesday, driven by the success of new versions of Diet Coke.

Net income attributable to the company's shareholders rose to $2.32 billion (1.76 billion pounds), or 54 cents per share, in the second quarter ended June 29, from $1.37 billion, or 32 cents per share, a year earlier.

Revenue fell 8 percent to $8.93 billion, hurt by the divestiture of its low-margin bottling operations. Analysts had estimated sales of $8.54 billion, according to Thomson Reuters I/B/E/S.

(Reporting by Nivedita Balu in Bengaluru; Editing by Arun Koyyur)

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