Dr. Pepper Snapple beats second-quarter earnings expectations

Dr. Pepper Snapple Group, Inc. beat second-quarter earnings expectations Thursday. The company reported a net income of $220 million, or $1.14 per share, above $210 million, or $1.06 in the year-earlier period. Dr. Pepper reported adjusted earnings per share of $1.13, above the FactSet consensus of $1.10. Sales were $1.66 billion, above the FactSet consensus of $1.64 billion. The company raised its full year guidance for core earnings per share to $3.85 to $3.93. Shares of Dr. Pepper Snapple have fallen less than 1% in the past three months and gained 10% year-to-date.

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