(RTTNews) -  Central European Distribution Corp. (CEDC: News ) posted third quarter net income of $47.1 million or $0.80 per share, compared to a net loss of $0.73 million or $0.02 per share in the same period last year. On a comparable basis, CEDC announced net income of $27.15 million or $0.49 per share, compared to $40.52 million or $0.88 per share in last year period.

Net Sales for the quarter were $390.1 million, compared to $452.4 million in the year-ago period.

Looking forward, for the fiscal year 2009, the company reconfirmed earnings per share guidance in the range of $2.35 - $2.50. Net sales is forecast in the range of $1.58 - $1.70 billion.
Further, the company reconfirmed its full year 2010 earnings per share guidance in the range of $3.00-$3.15. Net sales guidance is forecast in the range of $1.80-$2.00 billion.

Click here to receive FREE breaking news email alerts for Central European Distribution Corp and others in your portfolio

by RTT Staff Writer

For comments and feedback: contact editorial@rttnews.com