UPDATE 2-Coca-Cola Enterprises profit tops view

(Adds analysts' estimates, price increases, background; changes headline)

NEW YORK, July 17 (Reuters) - Beverage bottler Coca-Cola Enterprises Inc (CCE.N: Quote, Profile, Research, Stock Buzz) reported better-then-expected quarterly profit on Thursday excluding a $5.3 billion impairment charge related to the weak U.S. economy.

It also lowered its full-year outlook.

The world's largest bottler of Coca-Cola Co (KO.N: Quote, Profile, Research, Stock Buzz) drinks reported a net loss of $3.17 billion, or $6.52 per share, in the second quarter, compared to a net profit of $270 million, or 56 cents per share, a year ago.

Excluding 2 cents per share in restructuring charges and the one-time charge, related to a reduction in the value of its North American franchise licenses, Coke Enterprises earned 56 cents per share, topping analysts' average estimate, according to Reuters Estimates, by 2 cents.

The company cited favorable tax and foreign exchange rates for the beat, as well as modest operating income growth in Europe. Operating income in North America declined, it said.

The bottler said the charge was needed in light of an expected near-term decline in operating income and a recent decline in its stock price, "both largely the result of deteriorating North American macroeconomic conditions and expected substantial increases in commodity costs."

The company sells about 80 percent of all Coke drinks in North America and is the sole licensed bottler for Coke products sold in Belgium, France, Britain, Luxembourg, the Netherlands and Monaco.

Net operating revenue rose 5 percent to $5.94 billion.