UPDATE: Coca-Cola Enterprises Posts Decline In Q2 Profit

Coca-Cola Enterprises CCE reported a decline in its second-quarter profit. Coca-Cola Enterprises' quarterly profit fell to $205 million, or $0.67 per share, versus $246 million, or $0.74 per share, in the year-earlier period. Its adjusted profit came in at $0.73 per share. Its revenue declined 8.5% to $2.2 billion. However, analysts were expecting earnings of $0.73 per share on revenue of $2.3 billion. Coca-Cola Enterprises projects adjusted 2012 profit of $2.18 to $2.24 per share, versus analysts' estimates of $2.24 per share. Coca-Cola Enterprises shares closed at $26.84 on Friday.