PLANO, Texas — Dr Pepper Snapple Group Inc. (DPS) on Thursday reported first-quarter earnings of $157 million.
The Plano, Texas-based company said it had profit of 81 cents per share.
The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 76 cents per share.
The maker of beverages such as 7Up, Sunkist and Mott's posted revenue of $1.45 billion in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $1.42 billion.
Dr Pepper Snapple Group expects full-year earnings in the range of $3.80 to $3.88 per share.
Dr Pepper Snapple Group shares have increased roughly 10 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed slightly more than 2 percent. The stock has climbed 50 percent in the last 12 months.
Keywords: Dr Pepper Snapple Group, Earnings Report
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