Coca-Cola Enterprises Inc (CCE.N), Western Europe's biggest Coke bottler, approved a share buyback program of up to $1 billion and affirmed its 2011 outlook. The Atlanta-based company buys syrup concentrate from Coca-Cola Co (KO.N) and bottles and distributes drinks in seven nations such as Britain and France. It still expects full-year 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 repurchase program would begin once it completes the current one. It intends to purchase back at least $500 million worth of stock in 2012.
Coca-Cola Enterprises, Inc. (CCE) markets, produces and distributes nonalcoholic beverages. Shares of CCE remained unchanged at $25.34. In the past year, the shares have traded as low as $21.66 and as high as $31.80. On average, 3897640 shares of CCE exchange hands on a given day and today's volume is recorded at 0.
The Coca-Cola Company is a non-alcoholic beverage company. Shares of KO remained unchanged at $69.37. In the past year, the shares have traded as low as $57.22 and as high as $71.77. On average, 10713200 shares of KO exchange hands on a given day and today's volume is recorded at 300.
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