The Atlanta Journal-Constitution
Bottler’s earnings higher than expected
Coca-Cola Enterprises Inc. on Thursday reported fourth-quarter earnings of $112 million.
The Atlanta-based company said it had profit of 46 cents per share. Earnings, adjusted for pretax expenses and restructuring costs, came to 58 cents per share.
The results topped Wall Street expectations of 56 cents per share.
The seller of Coca-Cola drinks in Europe posted revenue of $1.93 billion in the period, also surpassing Street forecasts. Analysts expected $1.92 billion, according to Zacks Investment Research.
For the year, the company reported profit of $663 million, or $2.63 per share. Revenue was reported as $8.26 billion.