Coca-Cola (KO) gains on Q1 earnings

Coca-Cola Co. (NYSE: KO) shares gained 3.2% to $39.95. The soft-drink company on Tuesday posted first-quarter adjusted earnings of 44 cents in line with estimates. Net operating revenues fell to $10.58 billion from $11.04 billion a year ago, beating expectations. Global volume grew 2% in that period and the company said it expects to repurchase $2.5 billion to $3 billion shares this year. Share volume was 2.9 million, compared to an all-day average of 4.6 million