Dr Pepper Snapple Group posts 4Q profit

PLANO, Texas (AP) _ Dr Pepper Snapple Group Inc. (DPS) on Tuesday reported fourth-quarter net income of $165 million.

The Plano, Texas-based company said it had profit of 90 cents per share. Earnings, adjusted to extinguish debt and for costs related to mergers and acquisitions, came to $1.04 per share.

The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share.

The maker of beverages such as 7Up, Sunkist and Mott's posted revenue of $1.58 billion in the period, which matched Street forecasts.

For the year, the company reported profit of $847 million, or $4.54 per share. Revenue was reported as $6.44 billion.

Dr Pepper Snapple Group expects full-year earnings in the range of $4.44 to $4.54 per share.

Dr Pepper Snapple Group shares have risen 3 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 4 percent. The stock has increased slightly more than 4 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DPS at https://www.zacks.com/ap/DPS


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