Dr Pepper Snapple Q4 Earnings Jump 48%, Beating View (DPS)

By Dividend.com Staff,

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Beverage maker Dr Pepper Snapple Group Inc. ( DPS ) on Wednesday posted better-than-expected fourth quarter earnings and provided a full-year outlook that could beat Wall Street's view.

The Plano, TX-based company reported fourth quarter net income of $166 million, or 77 cents per share, compared with $112 million, or 49 cents per share, in the year-ago period. Excluding special items, adjusted profit was 82 cents per share.

Net sales rose 13% from last year to $1.46 billion.

On average, Wall Street analysts expected a smaller profit of 75 cents per share, on slightly lower revenue of $1.45 billion.

Looking ahead, the company said it expects full-year 2012 earnings to range from $2.90 to $2.99 per share, while analysts are looking for $2.91 per share for the year.

Dr Pepper Snapple shares rose 89 cents, or +2.3%, in premarket trading Wednesday.

The Bottom Line
We recently began recommending shares of Dr.Pepper Snapple Group ( DPS ) when the stock was trading at $38.51. The company has a 3.48% dividend yield, based on last night's closing stock price of $39.11.

Dr Pepper Snapple Group Inc. ( DPS ) is a "Recommended" dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Created by Dividend.com

This article appears in: Investing Stocks
Referenced Stocks: DPS

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