Coca-Cola raises full years revenue, profit forecasts

Coca-Cola Company reported on Wednesday that it raised the annual revenue and profit forecasts, betting on higher pricing and resilient demand for its sodas, especially its namesake drink and Sprite.

The company’s shared increased by two percent as it released the second-quarter net income attributable to shareholders of $2.55 billion, or 59 cents per share, up from $1.91 billion, or 44 cents per share, a year earlier.