Cola posted a surprise rise in comparable revenue and topped estimates for fourth-quarter profit on Tuesday, driven by higher prices and resilient demand for its sparkling sodas, sending its shares up about 5% premarket.

Shares of Coca-Cola climbed 4.4%, to $67.39, in trading Tuesday morning, after the beverage maker notched higher-than-expected revenue and profit in the fourth quarter. The stock, on pace for its largest percent increase since February 2022,