The iconic consumer beverage giant Coca-Cola (NYSE: KO) reported stronger-than-expected third-quarter earnings and raised its full-year guidance. Yet the good news wasn't enough to win the market's approval, as the stock dropped roughly 1. 6% on Oct. 27, the day it reported earnings. Adjusted earnings per share of $0. 91 beat Wall Street consensus estimates by $0. 03, while revenue of $13. 4 billion beat estimates by about $480 million.
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