Coca-Cola shares dip on underwhelming results

Coca-Cola has posted first-quarter results that mostly met analysts’ expectations, underwhelming investors who had been optimistic that a stronger turnaround was taking hold.

Shares of Coca-Cola fell up to 4.6% in New York trading. However, the stock is up 3.5% this year.

The results show Coca-Cola’s strategy of cost cuts and price increases is paying off, just not fast enough for some investors’ liking.