Coca-Cola Net Income Rises 15% on More Sales

Coca-Cola Co. said second-quarter profit rose 15% on higher sales of Dasani water and Coca-Cola Classic in North America.

Net income increased to $1.29 billion, or 52 cents a share, the Atlanta-based company said. Revenue rose 15% to $5.37 billion, the largest increase in seven years.

Shares fell 37 cents to $50 on the New York Stock Exchange.