Coca-Cola Ent. to buy back stock
(Reuters) - Coca-Cola Enterprises Inc (CCE.N), Western Europe's biggest Coke bottler,
approved a share buyback program of up to $1 billion and certified its 2011 outlook.
The Atlanta-based entity buys syrup concentrate from Coca-Cola Co (KO.N) and bottles
and allocates drinks in seven nations as Britain and France.
It still rely upon full-annual earnings of $2.10 to $2.15 a share,
including a currency benefit of about 15 cents. Analysts on average were expecting a profit of about $2.15,according to Thomson Reuters I/B/E/S.
The company said the new share repossess program would start once it completes the latest.
It strive to buy back at least $500 million virtue of stock in 2012.
approved a share buyback program of up to $1 billion and certified its 2011 outlook.
The Atlanta-based entity buys syrup concentrate from Coca-Cola Co (KO.N) and bottles
and allocates drinks in seven nations as Britain and France.
It still rely upon full-annual earnings of $2.10 to $2.15 a share,
including a currency benefit of about 15 cents. Analysts on average were expecting a profit of about $2.15,according to Thomson Reuters I/B/E/S.
The company said the new share repossess program would start once it completes the latest.
It strive to buy back at least $500 million virtue of stock in 2012.
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Coca-Cola Ent. to buy back stock
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