Dr Pepper Snapple Group, Inc. (DPS) reported that its third-quarter net income decreased to $188 million from $207 million, last year. Earnings per share was $0.96 compared to $1.01 in the prior year period. Core EPS were $0.98.
On average, 19 analysts polled by Thomson Reuters expected the company to report profit per share of $0.88 for the quarter. Analysts' estimates typically exclude special items.
Net sales increased to $1.58 billion from $1.54 billion, last year. Analysts expected revenue of $1.54 billion for the quarter. The company now expects full-year reported net sales to be up approximately 1% and expects core EPS to be in the $3.56 to $3.62 range. Analysts expect the company to report full year earnings per share of $3.56.
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