PLANO, Texas (AP) _ 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.
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.