Dr. Pepper Snapple Beats Expectations, Provides Downbeat Earnings Outlook

By Markets MarketWatch Pulse

Dr. Pepper Snapple Group Inc. beat first-quarter earnings and revenue expectations, but provided a downbeat earnings outlook for 2016. Earnings for the latest quarter rose to $182 million, or 96 cents per share, from $157 million, or 81 cents per share, in the same period a year ago. Adjusted earnings-per-share were 94 cents, compared with the FactSet consensus of 86 cents. Revenue rose to $1.49 billion from $1.45 billion, beating the FactSet consensus of $1.47 billion. For 2016, the company expects adjusted EPS to be "at the high end" of $4.20 to $4.30, below the FactSet consensus of $4.33. The stock had lost 3.1% over the past three months, while the S&P 500 rose 11.1%.

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