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.

Coke has reported strong demand in its international markets, helping offset weaker demand in the U.S. In its home market, consumers have been dining out less, denting the company's off-premise sales and prompting Coke to partner with chains to offer combo meals.

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.