Dr. Pepper Snapple’s Profit Rises, Beating View (DPS)

Share |

Beverage maker Dr. Pepper Snapple Group Inc. ( DPS ) 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 trading.

The Bottom Line
Shares of Dr. Pepper Snapple Group ( DPS ) 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. ( DPS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 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 The NASDAQ OMX Group, Inc.

Created by Dividend.com

This article appears in: Investing , Stocks

Referenced Stocks: DPS

Find a Credit Card

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