Coca-Cola Enterprises (CCE) reported third quarter net income of $247 million or $0.50 per common share, compared to $214 million or $0.44 per common share in the year ago quarter.
Excluding items affecting comparability, net income for the quarter was $254 million or $0.51 per share, compared to $226 million or $0.46 per share.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.45 per share. Analysts' estimates typically exclude special items.
Net operating revenues for the quarter were $5.57 billion, compared to $5.74 billion in the prior year quarter. Seven analysts had consensus revenue estimate of $5.72 billion for the quarter.
The company now expects full-year comparable 2009 earnings per common share to be in the range of $1.54 to $1.57. This range includes an expected negative currency impact of 16 cents per share and excludes nonrecurring items. Excluding the impact of currency, revenue is expected to increase in a low to mid single-digit range and decline slightly on a reported basis.
Analysts expect the company to report earnings of $1.52 per share for full-year.
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