Coca-Cola Enterprises Inc. (CCE) 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.
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The results topped Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings 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.
For the year, the company reported profit of $663 million, or $2.63 per share. Revenue was reported as $8.26 billion.
Coca-Cola Enterprises shares have dropped 2 percent since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. The stock has dropped slightly more than 3 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