Higher prices help Coca-Cola beat earnings estimates, despite sluggish demand.

• Coca-Cola posted earnings and revenue that topped expectations.
• Higher prices helped to offset sluggish demand for beverages.

on Wednesday reported quarterly earnings and revenue that topped analysts' expectations.

Shares of the company rose less than 1% in premarket trading.

Based on a survey of analysts by LSEG, the company's reported results differed from Wall Street's expectations.

• Earnings per share: 77 cents adjusted vs. 74 cents expected
• Revenue: $11.95 billion adjusted vs. $11.60 billion expected

Coke's third-quarter net income attributable to shareholders decreased by $240 million, or 5 cents per share, compared to the same period last year.

Excluding items, the company earned 77 cents per share.

Sales remained relatively stable at approximately $11.95 billion compared to the previous year.