Coca-Cola beats earnings despite Q3 volume dip

NEW YORK, Oct. 23 (Xinhua) -- Coca-Cola shares fell nearly 2 percent on Wednesday after the company reported weaker-than-expected third-quarter unit case volumes.

The 2 percent decline in concentrate shipments, attributed to the timing of deliveries, led to an overall 1 percent year-over-year drop in unit case volumes. Volumes decreased by 2 percent in both the Asia Pacific and the Europe, Middle East, and Africa regions, while remaining flat in North America and Latin America.