Beverage maker Dr Pepper Snapple Group Inc. (
) on Wednesday posted higher third quarter earnings that beat
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
The Bottom Line
Shares of Dr. Pepper Snapple Group (
) 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
Dr Pepper Snapple Group Inc. (
) 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
Created by Dividend.com