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

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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 The NASDAQ OMX Group, Inc.

Created by Dividend.com

This article appears in: Investing , Stocks

Referenced Stocks: DPS

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