Dr Pepper Snapple Q4 Profit Falls, but Still Beats View; Shares Rise (DPS)

Comment

Shutterstock photo

Beverage giant Dr Pepper Snapple Group Inc. ( DPS ) on Thursday posted better-than-expected fourth quarter earnings, sending its shares soaring in premarket trading.

The Plano, TX-based company reported fourth quarter net income of $112 million, or 49 cents per share, compared with $114 million, or 44 cents per share, in the year-ago period. Excluding one-time items, adjusted profit was 67 cents per share.

Net sales rose 4% from last year to $1.41 billion.

On average, Wall Street analysts expected a smaller adjusted profit of 63 cents per share.

Looking ahead, the company forecast full-year 2011 earnings to range from $2.70 to $2.78 per share, while analysts expect $2.72 per share for the year.

Dr Pepper Snapple shares rose $1.50, or +4.4%, in premarket trading Thursday.

The Bottom Line
We recently added shares of Dr.Pepper Snapple Group ( DPS ) to our recommended list. The company has a 2.92% dividend yield, based on last night's closing stock price of $34.25.

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


More from Dividend.com







Dividend.com
Contributor:

Dividend.com

Dividends
Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com