Coca-Cola earnings rise despite dollar drag

New York (AFP) - Coca-Cola reported higher quarterly profits Wednesday as increased sales in North America offset lower revenues overseas due in part to the strong dollar.

Net income for the second quarter rose 19.8 percent to $3.1 billion.

Revenues dropped 3.3 percent to $12.16 billion. 

Sales in North America, which account for nearly half of overall revenues, advanced 3.5 percent to $5.9 billion. However, revenues dropped in all overseas segments. The biggest decline was in Latin...

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