Coca-Cola Tops Estimates Despite Volume Decline, Reaffirms Outlook (CCE)cce, cce, coca-cola, earnings, outlook

4-26-12-Coca-Cola Enterprises (NYSE:CCE) reported Q1 EPS of $0.36, topping estimates of $0.33.Revenues in the quarter came in at $1.87 billion, just above estimates of $1.84 billion.The company said Q1 volume was down 0.5% vs. up 3% Q/Q. Meanwhile, net pricing per case rose 5% vs. 2.5% Q/Q.The company reaffirmed its 2012 outlook, seeing EPS up about 10% vs. estimates of up 5% to $2.28.The company sees high-single digit revenue growth vs. estimates of up 2% to $8.48 billion.SmarTrend is bullish on shares of Coca-Cola Enterprises and our subscribers were alerted to buy on December 05, 2011 at $26.25. The stock has risen 11% since the alert was issued.