Shares of the world's largest soft drink maker rose 1 percent on Wednesday in premarket trading after reporting its first quarterly results that include its North American bottling operations.
Both Coke and rival PepsiCo Inc
Coke said net income was $5.77 billion, or $2.46 per share, in the fourth quarter, up from $1.54 billion, or 66 cents per share, a year earlier.
Excluding items, earnings were 72 cents per share, meeting analysts' average estimate, according to Thomson Reuters I/B/E/S.
Net revenue rose 40 percent to $10.5 billion, topping analysts' estimate of $10 billion, with 37 percent of the gain related to the October bottler acquisition.
Worldwide sales volume rose 6 percent in the quarter. Excluding the distribution of some Dr Pepper Snapple Group Inc
Volume in North America rose 8 percent in the quarter. Excluding the Dr Pepper brands, organic volume rose 3 percent, an acceleration from 2 percent gains in the third and second quarters.
Coke shares rose to $63.50 in premarket trading from Tuesday's close of $62.87 on the New York Stock Exchange, where they have gained 6.3 percent since early October, when the acquisition closed.
Coke has underperformed the wider Standard & Poor's 500 Index <.SPX>, which gained 15.6 percent over the same period, but outpaced a 4.2 percent decline by PepsiCo.
(Reporting by Martinne Geller; Editing by Lisa Von Ahn, Dave Zimmerman)