Dr Pepper Snapple Group Posts 2Q Profit
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PLANO (AP) - Dr Pepper Snapple Group Inc. has reported second-quarter profit of $220 million.
The Plano-based company said Thursday that it had a per-share profit of $1.14. Earnings, adjusted for non-recurring gains, were $1.13 per share.
The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.10 per share.
The maker of beverages such as 7Up, Sunkist and Mott's posted revenue of $1.66 billion in the period, which met Street forecasts.
Dr Pepper Snapple Group expects full-year earnings in the range of $3.85 to $3.93 per share.
Dr Pepper Snapple Group shares have risen almost 10 percent since the beginning of the year.
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