Coke reported a $1.62 billion profit, or 36 cents a share, for the January-March period. That's down from $1.75 billion or 39 cents a share for the same period last year.
Revenue slipped to $10.58 billion for the quarter. Not including special items, earnings per share came in at 44 cents.
The results met or bettered Wall Street expectations. Financial analysts surveyed by Thomson Financial had expected earnings of 44 cents per share and $10.55 billion in revenue.
Coke reported its global unit case volume rose 2%, but said North American volume was unchanged
The company's stock was up more than 1.2% at $38.73 in pre-market trading.
"Our growth momentum is steadily improving in line with our expectations," Coke CEO Muhtar Kent said in a statement issued with the earnings results.
But it's hardly been a sparkling time for Coca-Cola as the company competes for slipping soda sales.
The company's stock is down roughly 10% from it 52-week high. During the first quarter alone, the per-share price fell from a high of $40.34 to $36.81 on Feb. 19 before recovering to $38.73 at Monday's market close.
Moreover, volume for it's carbonated soft-drinks fell 2.2% in 2013, trade magazine Beverage Digest reported last week.
But the Atlanta-based company remains a global beverage industry force, with an advertising blitz for its latest sponsorship of international soccer's much-watched World Cup tournament this summer.
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"Coca-Cola remains magical, but we need to work even harder to enhance the romance of the brand in every market around the world, Kent told financial analysts during a February conference call.
Part of that effort relies on the success of Coca-Cola's new Freestyle ! machines that dispense 146 different flavors. The company hopes Freestyle will entice Millennials and generate buzz.
Additionally, Coca-Cola in February announced it had spent $1.25 billion for a 10% minority stake in Green Mountain Coffee. The deal is aimed at providing consumers with single servings of Coke via Green Mountain's Keurig Cold beverage system by 2015.
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