Beverage maker Dr Pepper Snapple Group Inc. (
) said Wednesday that its first quarter profit fell 10.5% from last
year, but results were still in-line with Wall Street's view.
The Plano, TX-based company reported first quarter net income of
$102 million, or 48 cents per share, compared with $114 million, or
50 cents per share, in the year-ago period.
Revenue edged slightly higher from last year to $1.36
On average, Wall Street analysts expected a matching profit of
48 cents per share, on matching revenue of $1.36 billion.
Dr Pepper Snapple shares were unchanged in premarket trading
The Bottom Line
Shares of Dr. Pepper Snapple Group (
) have a 3.37% dividend yield, based on last night's closing stock
price of $40.32. The stock has technical support in the $37-$38
price area. The stock is trading near all-time highs of $43 a
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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