Summary Box: Coca-Cola 3Q net income rises

AP News
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Posted: Oct 19, 2010 11:27 AM
Summary Box: Coca-Cola 3Q net income rises

THE QUARTER: Coca-Cola's third-quarter net income rose 8.4 percent as it sold more of its soft drinks and juices around the world and U.S. sales extended their rebound.

THE HOMEFRONT: The second consecutive quarter of improvements in its North American drinks business is encouraging news for Coca-Cola after four years of declines. Volume in North America was up 2 percent in the quarter.

THE BUYBACK: Coca-Cola raised the value of shares it expects to buy back this year to $2 billion from $1.5 billion.