Shares of Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE) ended Thursday session in green amid volatile trading. The shares closed up +0.52 points or 1.31% at $40.22 with 2.69 million shares getting traded. Post opening the session at $40.40, the shares hit an intraday low of $40.10 and an intraday high of $40.96 and the price vacillated in this range throughout the day. The company has a market cap of $19.15 billion and the numbers of outstanding shares have been calculated to be 482.32 million shares.
Coca-Cola European Partners plc Ordinary Shares (CCE) on September 22, 2016 announced its interim results for the six months ended 1 July 2016 and affirms full-year 2016 earnings outlook
- First-half diluted earnings per share were €0.74 on a reported basis or €0.83 on a pro forma comparable basis, including a negative currency translation impact of €0.02.
- First-half reported revenue totaled €3.5 billion. Pro forma comparable revenue was €5.2 billion, down 3 per cent, or down 1.5 per cent on a pro forma comparable and fx-neutral basis. Volume declined 1.0 per cent on a comparable basis.
- First-half reported operating profit was €314 million; pro forma comparable operating profit was €603 million, down 2.5 per cent or flat on an fx-neutral basis.
- CCEP provides its full-year guidance for 2016, including pro forma comparable, fx-neutral diluted earnings per share growth in a mid-teen range, with flat revenue growth and modest mid-single-digit operating profit growth.
- CCEP remains on track to achieve pre-tax savings of €315 million to €340 million through synergies by mid-2019.
- CCEP declares initial quarterly dividend of €0.17 per share.
“Since the creation of Coca-Cola European Partners nearly four months ago, our strong belief in the future of our new company has been reinforced,” said John F. Brock, chief executive officer. “We are making significant progress to integrate the new business, share best practices and become even more effective and efficient.
“Our first-half results reflect the continued impact of a soft consumer environment and persistent economic challenges,” Mr. Brock said. “These conditions support our focus on executing against our outstanding marketing programmes, improving our operational effectiveness and integrating CCEP to capture synergies as we work to reach our full-year 2016 performance objectives.”
“Ultimately, our focus remains on our most important goal – continuing to drive shareowner value, while maintaining a strong commitment to the communities we serve,” Mr. Brock said.
Shares of Goodyear Tire & Rubber Co (NASDAQ:GT) ended Thursday session in green amid volatile trading. The shares closed up +0.37 points or 1.15% at $32.42 with 2.54 million shares getting traded. Post opening the session at $32.23, the shares hit an intraday low of $32.12 and an intraday high of $32.30 and the price vacillated in this range throughout the day. The company has a market cap of $8.55 billion and the numbers of outstanding shares have been calculated to be 262.00 million shares.
Goodyear Tire & Rubber Co (GT) on Sept. 22, 2016 announced that businesswoman, philanthropist, wife and mother Savannah James will christen Wingfoot Two, the newest addition to its fleet of world famous Goodyear blimps in a ceremony to be held on Friday, October 21, in Suffield, Ohio.
“Savannah’s Akron-born roots and passion for improving the local community made her a natural choice to christen Wingfoot Two,” said Goodyear Chairman, Chief Executive Officer and President Richard J. Kramer. “Goodyear has a long-standing tradition of enlisting strong, accomplished women to christen our iconic airships, and we are proud to welcome Savannah to the family.”
Goodyear has recognized noteworthy women for nearly a century through the tradition of christening Goodyear blimps. Celebrated aviator Amelia Earhart (1929), astronaut Dr. Sally Ride (2000) and president of International Speedway Corp. Lesa France Kennedy (2006) are among those who have christened a Goodyear blimp. Robin Roberts, award-winning co-anchor of ABC’s “Good Morning America,” served as the most recent christener, of Wingfoot One in 2014.
“I feel absolutely honored to be a part of this christening,” said James. “With Goodyear being so much a part of Akron and our Foundation always wanting to better our community, I feel like it is a perfect match. Goodyear means so much to our community, and we feel a sense of gratitude to be part of this amazing event.”