Coca-Cola Enterprises Inc Earnings Retreat 7% In Q1

(RTTNews) - Coca-Cola Enterprises Inc (CCE) announced a profit for first quarter that lost ground compared to the same period last year.

The company said its profit declined to $94 million, or $0.41 per share. This was lower than $101 million, or $0.42 per share, in last year's first quarter.

Analysts had expected the company to earn $0.40 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 6.7% to $1.52 billion. This was down from $1.63 billion last year.

Coca-Cola Enterprises Inc earnings at a glance:

-Earnings (Q1): $94 Mln. vs. $101 Mln. last year. -Earnings Decline (Y-o-Y): -6.9% -EPS (Q1): $0.41 vs. $0.42 last year. -EPS Decline (Y-o-Y): -2.4% -Analysts Estimate: $0.40 -Revenue (Q1): $1.52 Bln vs. $1.63 Bln last year. -Revenue Change (Y-o-Y): -6.7%