Dr. Pepper Snapple Beats Second-quarter Earnings Expectations

Dr. Pepper Snapple Group beat second-quarter earnings expectations Wednesday. The company reported net income of $260 million, or $1.39 per share, up from $220 million, or $1.14 per share, in the year-earlier period. The company reported adjusted earnings per share of $1.25, above the FactSet consensus of $1.20. It reported sales of $1.69 billion, above the FactSet consensus of $1.68 billion and above the year-earlier sales of $1.65 billion. The company said it expects full year sales to be up 2% and it raised core EPS guidance to $4.27 to $4.35. The FactSet consensus was $4.36. Shares of the company have gained 7.5% in the past three months, compared to the S&P 500's gain of 3.5%.