PLANO, Texas (AP) — Dr Pepper Snapple Group Inc. (DPS) on Thursday reported its earnings rose 35 percent in its second quarter, and topped analysts' expectations.
The Plano, Texas-based company said net income increased to $210 million, or $1.06 per share, from $155 million, or 76 cents per share, in the same quarter a year earlier. The average per-share estimate of analysts surveyed by Zacks Investment Research was for earnings of 92 cents.
The maker of beverages such as 7Up, Sunkist and Mott's said revenue rose 1.2 percent to $1.63 billion from $1.61 billion in the same quarter a year earlier. The results matched Wall Street forecasts.
Dr Pepper Snapple Group shares have climbed $9.72, or 20 percent, to $58.44 since the beginning of the year, while the Standard & Poor's 500 index has increased 7.5 percent. The stock has increased $12.12, or 26 percent, in the last 12 months.