Dive Summary:
- Coca-Cola has released their latest earning estimates and the drink giant is expecting a 10% earnings increase per share.
- The company saw modest sales growth through 2012, with estimates in the low to mid single digit gains.
- The company foresees continued growth and have just passed a $1.5 billion stock buyback program that is expected to help bad their earnings for the year to come.
From the article:
In October Coca-Cola Enterprises reported a drop in third-quarter net income and revenue as it struggled with the weak economy in Europe and the drag of currency translations. The company, which is based in Atlanta but does all its business in Europe, also announced plans to restructure parts of its businesses.
Coca-Cola Enterprises is maintaining its long-term forecasts for earnings per share growth in the high single-digits and a sales increase of 4 percent to 6 percent.