Coca-Cola Ent beats by $0.02, reports revs in-line; reaffirms FY14 guidance (48.76)
Reports Q2 (Jun) earnings of $0.90 per share, excluding non-recurring items, $0.02 better than the Capital IQ Consensus Estimate of $0.88; revenues rose 8.2% year/year to $2.33 bln vs the $2.34 bln consensus.
- Total second-quarter volume grew 3½ percent, with growth in sparkling drinks of
3.5 percent. - CCE affirms its guidance for full-year 2014. It continues to expect 2014 earnings per diluted share growth of approximately 10%, net sales growth in a low single-digit range, and operating income growth in a mid-single-digit range.