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Coca-Cola shares rise as profit tops view


    NEW YORK (Reuters) - Coca-Cola Co reported a better-than-expected quarterly profit on Thursday despite a recession, helped by double-digit volume gains in China, India and Eastern Europe, sending shares up 2.4 percent.

    The world's top soft-drink maker said net income fell to $995 million, or 43 cents per share, in its fourth quarter, compared with $1.21 billion, or 52 cents per share, a year ago.

    Excluding items, Coke earned 64 cents per share.

    Analysts on average were expecting 61 cents per share, according to Reuters Estimates.

    Revenue fell 2.7 percent to $7.13 billion, as worldwide sales by volume rose 4 percent.

    Volume in North America fell 3 percent.

    Coke shares rose to $42.25 in premarket trading from Wednesday's close of $41.27 on the New York Stock Exchange.

    (Reporting by Martinne Geller, editing by Maureen Bavdek)