Stock Update on Notable Stock Earnings Surprises (CCE, CASY)

Shares of Coca-Cola Enterprises Inc. (NYSE:CCE) jumped in the opening session after Atlanta-based maker of sugary drinks lifted its full-year earnings outlook, stating demand from the European countries.

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This morning, the company said that it now expected its profit within a range of $1.78 to $1.82 a share, compared to its previous guidance of $1.73 to $1.77 a share.

Analysts currently exacts the company to earn $1.81 a share for the current fiscal year.

For 2011, Coca-Cola said earnings per share would likely exceed its long-term objectives because of share repurchase activity.

Coca-Cola Enterprises Inc. is engaged in marketing, producing and distributing non-alcoholic beverages. The Company serves a market of approximately 421 million consumers throughout the United States, Canada, the United States Virgin Islands and certain other Caribbean islands, Belgium, continental France, Great Britain.

Casey's General Stores, Inc. (NASDAQ:CASY) shares surged over 7.90% after the company reported in line fiscal first-quarter earnings on Tuesday.

The company said that it earned $37.29 million, or 73 cents a share, compared with $44.19 million, or 87 cents a share, in the year-earlier quarter. On an adjusted basis, the company earned 81 cents per share in the latest quarter.

Revenue soared to $1.36 billion from $1.19 billion in the latest quarter.

Analysts were expecting the company to report earnings of 81 cents per share on revenue of $1.36.

At a September meeting, the board declared a quarterly dividend of $0.135 per share, a 35% increase.

Casey’s General Stores, Inc. (Casey’s) operates convenience stores under the name Casey’s General Store, HandiMart and Just Diesel in nine Midwestern states, primarily Iowa, Missouri and Illinois.

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