Beverage maker Dr. Pepper Snapple Group Inc. (
) on Thursday posted better-than-expected second quarter earnings
results, helped by higher revenue amid pricing increases.
The Plano, TX-based company reported second quarter net income
of $178 million, or 83 cents per share, compared with $172 million,
or 77 cents per share, in the year-ago period. Excluding one-time
items, adjusted profit was 85 cents per share.
Revenue rose 2% from last year to $1.62 billion.
On average, Wall Street analysts expected a smaller profit of 82
cents per share, on matching revenue of $1.62 billion.
Dr. Pepper Snapple shares were mostly flat in Thursday morning
The Bottom Line
Shares of Dr. Pepper Snapple Group (
) have a 3.11% dividend yield, based on last night's closing stock
price of $43.77. The stock has technical support in the $40 price
area. The shares are trading near all-time highs.
Dr. Pepper Snapple Group Inc. (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
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