This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

2010 Good Year for Coca-Cola Enterprises

ATLANTA ( TheStreet) -- Coca Cola Enterprises (CCE - Get Report) on Thursday said it expected impressive earnings for 2010, driven by growth in its European markets.

Coca-Cola Enterprises said it could see its operating income next year rise in a mid- to high-single digit range, helped by mid-single digit growth in Europe and North America. On top of that, its earnings per diluted share will rise at a high-single digit rate. Right now, the company forecasts that currency rates will come in at the tail end of the company's transactions, which could add about 4 cents of "EPS favorability."

Coca-Cola Enterprises also announced a share repurchase program that would add up to about $600 million by the end of 2010. These days, the company pays an annual dividend of 32 cents per common share.

Coca-Cola Enterprises says it has been especially pleased with its "remarkable results" in Europe through 2009 and will "build on those results and seize new growth opportunities."

The weak U.S. economy, however, hasn't been as good to Coca-Cola Enterprises. "However, we remain closely aligned with The Coca-Cola Co. in addressing North America's marketplace challenges...we are united in our approach and remain optimistic about the opportunity to return North America to balanced top-line growth," says Brock.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
CCE $44.80 -1.08%
COKE $113.00 -1.22%
KO $41.21 -0.05%
AAPL $132.54 0.88%
FB $80.54 0.07%

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs