Plano-Based Dr Pepper Snapple Group Posts 4Q Profit
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PLANO (AP) - Dr Pepper Snapple Group Inc. has reported fourth-quarter earnings of $185 million.
The Plano-based company, on a per-share basis, said Wednesday that it had profit of 97 cents. Earnings, adjusted for asset impairment costs, came to $1 per share.
The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 98 cents per share.
The maker of beverages such as 7Up, Sunkist and Mott's posted revenue of $1.55 billion in the period.
Dr Pepper Snapple Group expects full-year earnings in the range of $4.20 to $4.30 per share.
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