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Empresas y finanzas

Coca-Cola reports higher profit


    NEW YORK (Reuters) - Coca-Cola Co reported higher quarterly earnings on Tuesday, helped by cost controls and strength in emerging markets.

    The world's largest soft drink maker said first-quarter net income was $1.61 billion, or 69 cents per share, compared with $1.35 billion, or 58 cents per share, a year earlier.

    Revenue rose 5 percent to $7.53 billion.

    Sales by volume -- an important measure reflecting the amount of beverage concentrate sold -- rose 3 percent, after increasing a stronger-than-expected 5 percent in the fourth quarter.

    Coca-Cola is preparing to acquire the North American operations of its largest bottler, Coca-Cola Enterprises Inc , in a move it expects to cut costs and give it more flexibility in distributing its drinks. PepsiCo Inc recently closed a similar deal.

    (Reporting by Martinne Geller; Editing by Lisa Von Ahn)