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Dr Pepper Snapple Tops Q2 Earnings

The company stands by its earlier earnings outlook for the year


Dr Pepper Snapple Group (NYSE:DPS) announced on Thursday that during the second quarter it earned $178 million, up 3.5% from $172 million in the same period last year.

The drink maker recorded sales of $1.62 billion in the second quarter, up 2% from 2011.

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Adjusted EPS came in at 85 cents. That topped the 82 cents that analysts had forecast, Reuters noted.

Shares of Dr Pepper Snapple Group rose just under 2% in Thursday afternoon trading.

The company, which produces Sunkist, 7-Up and Dr Pepper brand soft drinks, reiterated its previously issued earnings guidance for the year. It expects profits for the year of between $2.90 and $2.98 a share.

Company officials predict revenue to rise toward the lesser end of a range of between 3% to 5% for the year.

Costs are estimated to increase by 2% for 2012, driven by rising commodity and container costs.

Earlier this week, Pepsi (NYSE:PEP) reported second-quarter earnings that fell compared to last year, but still topped Wall Street forecasts.

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