On Wednesday, Coca-Cola's (KO, Financial) shares opened lower and were down 2.37% at $67.805 at the time of reporting. The company's third-quarter revenue reached $11.95 billion, a 1% decrease year-over-year, surpassing analysts' expectations of $11.6 billion. Net income fell by 7.8% to $2.85 billion.
For the quarter, adjusted earnings per share were $0.77, beating the forecast of $0.74. Despite a 10% increase in the price mix—reflecting a series of product price adjustments—total unit case volume declined by 1%, against an expected increase of 0.42% by analysts.
