Coca-Cola Co beat estimates for quarterly sales and profit, as it sold more water and soft drinks, including its soda and Coke Zero.
Revenue rose 5% to $8.02 billion, and the company earned 48 cents per share on an adjusted basis. Analysts had forecast earnings of 46 cents per share on revenue of $7.88 billion, according to Refinitiv IBES.
Net income attributable to the company rose to $1.68 billion, or 39 cents per share, in the first quarter ended March 29 from $1.37 billion, or 32 cents per share, a year earlier.