Coca-Cola reports profit rose 13 percent in Q3

ATLANTA he Coca-Cola Co., the world’s largest beverage maker, reported Wednesday a 13 percent increase in third-quarter profit on a double-digit increase in sales.

Beating market expectations, Atlanta-based Coca-Cola said it earned $1.65 billion, or 71 cents per share, compared to a profit of $1.46 billion, or 62 cents per share, for the same period a year ago.

Revenue in the quarter rose 19 percent to $7.69 billion, compared to $6.45 billion a year ago.

In morning trading on Wednesday, Coca-Cola shares rose 95 cents to $58.71.