Beverage maker Dr Pepper Snapple Group Inc. (
) on Wednesday posted better-than-expected fourth quarter earnings
and provided a full-year outlook that could beat Wall Street's
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
The Bottom Line
We recently began recommending shares of Dr.Pepper Snapple Group (
) 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
Dr Pepper Snapple Group Inc. (
) is a "Recommended" dividend stock, holding a Dividend.com DARS™
Rating of 3.5 out of 5 stars.
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, as well as a detailed explanation of
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