UPDATE: Coca-Cola Reports 18% Rise In Q2 Profit

Coca-Cola Co KO reported an 18% rise in its second-quarter profit. KO's quarterly profit surged to $2.8 billion, or $1.20 per share, from $2.37 billion, or $1.02 per share, in the year-earlier quarter. Its revenue climbed 47% y/y to $12.74 billion from $8.67 billion. Analysts were expecting earnings of $1.15 per share on revenue of $12.39 billion. KO shares rose 0.94% to $67.75 in pre-market trading.