Coca-Cola Enterprises Reports 28 Cent EPS (CCE)

Atlanta, Georgia-based Coca-Cola Enterprises, Inc. CCE released financial results on Friday morning that were in-line with Wall Street estimates. Coca-Cola Enterprises, Inc announced that its 4th quarter net income rose to $97 million, or 28 cents per share, up from $91 million, or 27 cents per share, a year earlier. Coca-Cola Enterprises, Inc reported revenue of $1.79 billion, up 12% from $1.61 billion a year earlier. According to a poll of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 28 cents per share, on revenue of $1.77 billion. The company forecast full-year 2011 EPS in a range of $1.95 to $2.00 Coca-Cola Enterprises, Inc. (CCE) finished the previous trading day at $26.00 per share. The consensus price target of analysts covering the company's stock is $29.05 per share. Coca-Cola Enterprises, Inc is the leading Western European marketer, distributor, and producer of bottle and can liquid nonalcoholic refreshment and the world's third-largest independent Coca-Cola bottler. Read more from Benzinga's Company news.