Dr Pepper Snapple Group tops 2Q earnings expectations, meets revenue forecasts

MarketsAssociated Press

Dr Pepper Snapple Group Inc. (DPS) on Thursday reported second-quarter profit of $220 million.

On a per-share basis, the Plano, Texas-based company said it had profit of $1.14. Earnings, adjusted for non-recurring gains, were $1.13 per share.

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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, while the Standard & Poor's 500 index has increased almost 3 percent. The stock has climbed 31 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DPS at http://www.zacks.com/ap/DPS

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Keywords: Dr Pepper Snapple Group, Earnings Report