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. Meanwhile, management said it now expects at least 5% organic revenue growth this year, up from prior guidance of approximately 5%.
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