Dr Pepper Snapple’s Profit Tumbles Despite Higher Revenue; Results Meet Estimates (DPS)

By Dividend.com Staff,

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

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 Wednesday.

The Bottom Line
Shares of Dr. Pepper Snapple Group ( DPS ) 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 share.

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 Nasdaq, Inc.

Created by Dividend.com

This article appears in: Investing Stocks
Referenced Stocks: DPS

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