Coca-Cola Shares Bubble up on Higher Profits

Coca-Cola’s move to sell soda in smaller packages helped soften the blow from consumers who increasingly reject sugary drinks, shoring up profits in the second quarter and adding some fizz to its share price on Tuesday.

The soda giant increased profit and revenue targets for the year following the better-than-expected quarter, with gains in North America helping to offset the hit from a strong dollar which made products more expensive in some overseas markets.

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