Dr Pepper Snapple’s Q4 Profit Up 2 Percent
PLANO (AP) - Dr Pepper Snapple Group Inc. says its fourth-quarter net income edged up 2 percent — bolstered by higher prices.
But the Plano-based company said Wednesday that its 2013 earnings forecast fell short of analysts’ estimates.
The maker of 7Up, Sunkist, Mott’s and other drinks earned $170 million, or 81 cents per share, for the three months ended Dec. 31. That’s up from $166 million, or 77 cents per share, in the prior-year period.
Excluding an accounting measure, earnings were 82 cents per share. Analysts expected 85 cents per share.
Quarterly revenue rose 1 percent to $1.48 billion. Wall Street’s estimate was for $1.49 billion in revenue.
Dr Pepper Snapple for the year earned $629 million. In the previous year it earned $606 million.
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