Shares of Coca-Cola (NYSE: KO) are indicated for a strong open Tuesday following its first-quarter 2012 report.

Revenue for the beverage giant rose 5.9 percent from $10.52 billion reported in the same period last year to $11.14 billion. Revenue rose 7 percent excluding currency translation. Net income came in 7.9 percent stronger to $2.07 billion, or 89 cents per share.

Analysts on the Street was expecting revs of $10.83 billion and EPS of 88 cents.

Gross margin moved from to 62.5 percent down to 61 percent.

In the quarter, global volume growth was 5 percent. North America volume rose 2 percent while its International volume popped 6 percent. Sparkling volume rose 4 percent while still volume increased 9 percent.

Coca-Cola noted: "Four out of five geographic operating groups also delivered comparable currency neutral net revenue growth, while Europe's comparable currency neutral net revenue growth rounded to even despite a continued volatile macroeconomic environment."

Posting the most impressive gain was Coca-Cola's Pacific ops: net revs up 12 percent, operating and net income up 29 percent.

"Despite a continued mixed global environment, our hardworking teams achieved broad-based volume and value share gains in nonalcoholic ready-to-drink beverages globally, with volume growth across every geographic operating group and revenue growth ahead of our long-term growth target," commented CEO Muhtar Kent. "As we enter the third year and complete the ninth quarter of our 2020 Vision, we continue to see vast opportunities for the Coca-Cola system across the more than 200 countries we serve."

Coca-Cola shares are up about 1 percent ahead of the bell.

Earnings