Coca-Cola Enterprises Inc Bottom Line Falls 13% In Q4

(RTTNews) - Coca-Cola Enterprises Inc (CCE) revealed earnings for fourth quarter that declined from last year.

The company said its profit dropped to $124 million, or $0.53 per share. This was lower than $142 million, or $0.58 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.51 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 15.5% to $1.63 billion. This was down from $1.93 billion last year.

Coca-Cola Enterprises Inc earnings at a glance:

-Earnings (Q4): $124 Mln. vs. $142 Mln. last year. -Earnings Decline (Y-o-Y): -12.7% -EPS (Q4): $0.53 vs. $0.58 last year. -EPS Decline (Y-o-Y): -8.6% -Analysts Estimate: $0.51 -Revenue (Q4): $1.63 Bln vs. $1.93 Bln last year. -Revenue Change (Y-o-Y): -15.5%