Shares of Dr. Pepper Snapple Group Inc. tumbled 3% pre-market on Wednesday as the company reported results that missed analyst forecasts. Dr. Pepper said it had third-quarter net income of $203 million, and per-share earnings of $1.11, versus $241 million and $3.09 in the year-ago period. Revenue was $1.74 billion, down from $1.68 billion a year ago. The FactSet consensus estimate was for $1.8 billion in revenue and EPS of $1.16. “We continue to make progress in the execution of our priority brand strategy,” CEO Larry Young said in a statement, but blamed “hurricanes and earthquakes in the U.S. and Mexico” for “significant” disruptions in sales during the quarter. The company said it now expects full-year EPS in the range of $4.50-4.57. The FactSet consensus was for $4.59. Shares of the company are down 1% for the year-to-date, while the Dow Jones Industrial Average is up 18.6%.
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