Dr Pepper Snapple’s Q3 Profit Edges View (DPS)

By Dividend.com Staff,

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Beverage maker Dr Pepper Snapple Group Inc. ( DPS ) on Wednesday posted higher third quarter earnings that beat analyst expectations.

The Plano, TX-based company reported third quarter net income of $154 million, or 71 cents per share, up from $144 million, or 60 cents per share, in the year-ago period.

Sales rose 4.8% from last year to $1.53 billion.

On average, Wall Street analysts expected a smaller profit of 71 cents per share, on matching revenue of $1.53 billion.

Looking ahead, the company said it expects full-year earnings to range from $2.70 to $2.78 per share, which straddles analysts' estimate of $2.74.

Dr Pepper Snapple shares were unchanged in premarket trading Wednesday.

The Bottom Line
Shares of Dr. Pepper Snapple Group ( DPS ) have a 3.25% dividend yield, based on last night's closing stock price of $39.34. The stock has technical support in the $35-$37 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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