Coke Enterprises profit rises; backs outlook
NEW YORK (Reuters) - Soft drink bottler Coca-Cola Enterprises Inc <CCE.N> reported a rise in quarterly profit, helped by higher volume, and backed its 2011 profit outlook.
The bottler of Coca-Cola <KO.N> drinks, which operates solely in Europe, said net income was $97 million in the fourth quarter, compared with $91 million, a year earlier.
Sales rose 12 percent to $1.79 billion, beating analysts' average estimate of $1.77 billion, according to Thomson Reuters I/B/E/S.
The company stood by its 2011 outlook calling for earnings of $1.95 to $2.00 a share.
(Reporting by Dhanya Skariachan and Martinne Geller; editing by John Wallace)
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