Coca-Cola Enterprises tops 4Q net income expectations, misses revenue forecasts



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

Subjects:

Places:

 


ATLANTA — Coca-Cola Enterprises Inc. (CCE) on Thursday reported fourth-quarter net income of $156 million.

The Atlanta-based company said it had profit of 67 cents per share. Earnings, adjusted for one-time gains and costs, were 53 cents per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.

The seller of Coca-Cola drinks in Europe posted revenue of $1.63 billion in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $1.65 billion.

For the year, the company reported profit of $596 million, or $2.54 per share. Revenue was reported as $7.01 billion.

Coca-Cola Enterprises shares have decreased slightly more than 3 percent since the beginning of the year, while the Standard & Poor's 500 index has declined slightly more than 9 percent. The stock has climbed 9 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

All content copyright ©2016 Daily Reporter, a publication of AIM Media Indiana unless otherwise noted.
All rights reserved. Click here to read our privacy policy.
Daily Reporter • 22 W. New Road • Greenfield, IN 46140 • (317) 462-5528