Coca-Cola reported higher-than-expected earnings in its latest quarter, beating estimates by 3 cents per share. The company’s revenue rose 10% year-over-year to $26 billion. However, the stock price dropped after the announcement, defying expectations. This unexpected drop is attributed to concerns over rising costs and increased competition in the beverage industry.
Source: https://www.barrons.com/articles/sugary-drinks-coca-cola-earnings-snacks-cfce08fa