Coca-Cola third-quarter profit rises

RetailReuters

Coca-Cola Co reported higher quarterly earnings on Tuesday, despite a hit from foreign exchange rates.

The world's biggest soft-drink maker, with brands like Sprite, Fanta and Minute Maid, said net income was $2.31 billion, or 50 cents per share, in the third quarter that ended on September 28, up from $2.22 billion, or 48 cents per share, a year earlier.

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Revenue rose 1 percent to $12.34 billion.

(Reporting By Martinne Geller in New York; Editing by Maureen Bavdek)