- GE, Comcast Agree on NBC Universal Valuation: Report
- BofA Board in Civil War Over Lewis' Succesor
- For the Jobless, 10% is Harder Than Before
- Week Ahead: Stocks Search for Catalyst in Quiet Week
- Outlook: Dollar to Ride Higher on Bleak Jobs Report
- Geithner: More Stimulus, Not a Bank Tax
- Windfall is Seen as Bank Bonuses are Paid in Stock
- Volatility Returns: Sign of the Bull Losing Muscle?
- Cramer: Earnings, IPOs Dominate Next Week
- Tamminen: Why Does Oklahoma Want To Drown New York?
- Food Network, HGTV Drive Scripps Networks' Upside Surprise
- Tommy Lee, Medical Tourism and Nasty Santa, Your Emails
- U.S. Markets Gain 3% for the Week Despite 10.2% Unemployment
- Disney's 'Carol' Tests Widest 3-D Release Ever
- Stimulus II? Jobs Tax Credit=Cash For Clunkers
- Rockwell Automation Earnings: What Options Are Saying
- Gold Will Touch Higher Lows and Higher Highs: Analyst
- Is Misery Alive And Well in Your Office?
- Stock volatility is back, a sign of an aging bull?
- Precision Machine opening plant in Sturgis, SD
- NM auto dealer tried to save business by gambling
- Northrop sells advisory services unit for $1.65B
- Christmas comes early: ‘Carol’ tops box office
- Philly transit strike in 6th day; no new talks
- Obama says it's now Senate's turn on health care
- Dubai says it has repaid $1 billion aviation bond
- Indian PM hopes for 7 percent growth next year
Text Size 
ATLANTA - Soft drink bottler Coca-Cola Enterprises on Wednesday said profit rose 15 percent in the third quarter as rising prices padded soft sales.
Results beat estimates and the company boosted its full-year outlook.
The Atlanta-based bottler, Coca-Cola Co.'s biggest, earned $247 million, or 50 cents per share, in the three-month period ended Oct. 2. In the same period last year, the company earned $214 million, or 44 cents a share.
Analysts expected the company to earn 46 cents a share, according to Thomson Reuters. Analyst estimates typically exclude one-time items.
Revenue in the most recent quarter fell 3 percent to $5.57 billion from $5.74 billion. Analysts had expected $5.71 billion in revenue.
North American revenue fell 4 percent and European revenue fell 1 percent. Foreign currency dragged down results by 3 percent. A strong U.S. dollar weighs on foreign sales because they convert back to fewer dollars.
Worldwide volume fell 6.5 percent, though pricing per case rose 7.5 percent. Volume in the U.S. fell 10 percent due to the comparison to last year's third quarter, which included Olympic-related promotions that drove growth. Consumers have been limiting their spending on soft drinks amid the recession, while also gravitating toward juices and teas.
Volume in Europe grew 4 percent in the quarter, driven from growth in Coca-Cola trademark brands.
The company raised its 2009 earnings per share estimate above expectations.
Print
Email
- Rumors abound that Oprah will leave her show to start a new network. What would this mean for daytime TV?
- A private equity specialist sponsored a stand-up comedy troupe in New York to prove that CEOs can, in fact, be funny.
- Cramer did the research and found eight stocks that lead the pack. Read on to get his top picks.
- Did Hideki Matsui’s performance make it more likely that the Yankees will pay to have him back?
- Which wines should you bring—or serve—with holiday meals this year? Ask a connoisseur.
- Two competitors in this year’s World Series of Poker in Las Vegas have stories fit for Hollywood.
Data is a real-time snapshot *Data is delayed at least 15 minutes