By Cris Tolomia

Ed Zurga - FIFA / Getty Images

Coca-Cola reported second-quarter earnings and revenue on Tuesday that exceeded Wall Street expectations, and raised its full-year profit guidance. Coca-Cola stock rose more than 2% in premarket trading.

The company posted adjusted earnings of 97 cents per share on net revenues of $13.38 billion, a 7% increase year over year, topping analyst expectations of 93 cents per share and $13.16 billion in revenue, according to CNBC.

The company's quarterly net income reached $4.43 billion, translating to $1.03 per share, compared with $3.81 billion, or 89 cents per share, in the year-ago period, the company said. Organic revenues grew 6%.

Global unit case volume grew 5% in the quarter, led by India, China, the United States and Brazil, the company said. Coca-Cola Zero Sugar posted 16% volume growth, while Trademark Coca-Cola grew 5%. Asia Pacific was the fastest-growing region by volume, up 8%, though the company lost value share there as gains in Japan and China were more than offset by a loss in India.

The company also gained value share in total nonalcoholic ready-to-drink beverages globally. In North America, unit case volume grew 3% and comparable currency neutral operating income grew 12%, driven by organic revenue growth and lower operating expenses, the company said.

For full-year 2026, Coca-Cola raised its comparable EPS growth target to a range of 9% to 10%, versus the 8% to 9% it had previously guided. The company also nudged its organic revenue growth projection upward to around 5%, at the top end of its earlier 4% to 5% outlook. Free cash flow is projected at approximately $12.4 billion, up from a prior estimate of approximately $12.2 billion.

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"We delivered another strong quarter by staying close to the changing needs of our consumers and customers," CEO Henrique Braun said in a statement. "While we continue to see a dynamic consumer landscape, we leveraged our powerful brands and system to gain value share, delivering revenue, profit and earnings growth while also investing for the long term."

The results arrive against a challenging backdrop for the company. Coca-Cola's Fairlife dairy subsidiary suspended all U.S. production operations after a ransomware attack gave an unauthorized third party access to a portion of its systems, including production-related systems. Coca-Cola said at the time it had not yet determined whether the attack was likely to have a material effect on the company.