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Article: Dr Pepper 3Q profit up 43 pct on lower costs
- Article from:
- AP Online
- Article date:
- November 5, 2009
CopyrightCopyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. (Hide copyright information)
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Dr Pepper Snapple Group Inc. said Thursday its third-quarter profit rose 42.5 percent, as the company benefited from lower costs, even while its sales fell.
The company raised the lower end of its full-year guidance for the year, but shares fell as some analysts worried the change means their expectations for the fourth-quarter are too high.
The maker of Dr Pepper and Crush earned $151 million, or 59 cents per share, in the period ended Sept. 30. That compares with earnings of $106 million, or 41 cents per share, a year earlier.
Excluding one-time items such as a tax gain related to separation costs and restructuring items, the company earned 54 cents per share, ...