Coca-Cola is beloved by Warren Buffett, but right now there's another soda company that's probably more appealing for investors.

Coca-Cola’s stock turns lower as earnings beat expectations because another big increase in price helped offset a surprise decline unit case volume.

Key Takeaways Coca-Cola reported a drop in unit case volumes, offsetting better-than-anticipated adjusted profit and sales figures.Concentrate shipments declined by 2% year-over-year because of a timing of shipments.

The soft-drinks maker easily beats quarterly estimates for earnings and sales but notes some headwinds in its guidance.

Coca-Cola stock is lower Wednesday even after the soft drink maker reported better-than-expected Q3 earnings and revenue. Here's what Wall Street has to say.