Dr. Pepper Quarterly Numbers Beat Forecasts

Beverage giant Dr Pepper Snapple Group this week reported second-quarter earnings that exceeded analysts' expectations.

Beverage giant Dr Pepper Snapple Group this week reported second-quarter earnings that exceeded analysts' expectations.

The Texas-based owner of 7UP, Canada Dry and Nantucket Nectars reported adjusted earnings of $1.13 per share; a survey compiled by Zacks Investment Research anticipated a total of $1.10 per share, according to the Associated Press.

Second-quarter revenue amounted to $1.66 billion, which was in line with the Zacks forecast.

For the full year, the company expects earnings of $3.85 to $3.93 per share. Shares of Dr Pepper Snapple Group are up nearly 10 percent compared to the beginning of the year.

"We've had a good start to the year, and I'm proud of what our teams have been able to accomplish in this competitive environment," CEO Larry Young said in a statement.

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