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StockNews.com
StockNews.com
Business
Dipanjan Banchur

Coca-Cola (KO) Stock Remains Lukewarm Despite Q3 Earnings Beat: Buy or Sell?

Beverage giant The Coca-Cola Company (KO) announced its third-quarter results on October 24. The company’s earnings and revenue comprehensively beat Wall Street estimates. KO also raised its full-year guidance. However, the results were insufficient to drive the stock higher, as the stock has been up marginally since the earnings release.

In this piece, I have discussed why it could be prudent to wait for a better entry point in the stock.

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