Daily Journal masthead

Coca-Cola Enterprises beats 3Q profit expectations, misses revenue forecasts


ATLANTA — Coca-Cola Enterprises Inc. (CCE) on Thursday reported third-quarter net income of $168 million.

On a per-share basis, the Atlanta-based company said it had profit of 72 cents. Earnings, adjusted for costs related to mergers and acquisitions and restructuring costs, were 84 cents per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 81 cents per share.

The seller of Coca-Cola drinks in Europe posted revenue of $1.82 billion in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $1.89 billion.

Coca-Cola Enterprises shares have risen 16 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 1.5 percent. The stock has risen 19 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CCE at http://www.zacks.com/ap/CCE


Keywords: Coca-Cola Enterprises, Earnings Report

Think your friends should see this? Share it with them!

Story copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.

We also have more stories about:
(click the phrases to see a list)


Follow Daily Journal:

All content copyright ©2015 Daily Journal, a publication of AIM Media Indiana unless otherwise noted.
All rights reserved. Privacy policy.