Coca Cola Enterprises (CCE) reported its second consecutive quarter of strong results, with earnings of 51 cents per share. Earnings were 5 cents above the Zacks Consensus Estimate of 46 cents, driven by the benefits of price and package initiatives in North America, volume and pricing growth in Europe and efficient cost control mechanisms.

Net operating revenues during the quarter declined 3% year-over-year. Benefits of positive net pricing (+7.5% in North America and +4.5% in Europe) were fully offset by 10.0% volume declines in North America. Volumes in Europe grew 4.0%. Currency translations have negatively impacted the top-line by 3.0%. Overall physical case and can volume declined 6.5% while net revenue per case increased 7.5% year-over-year.

Full Article: http://www.stockbloghub.com/2009/10/28/c...