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02-17-2011, 10:00 AM
NEW YORK (MarketWatch) -- Dr. Pepper Snapple Group Inc. said Thursday its fourth-quarter earnings declined to $112 million, or 49 cents a share, from $114 million, or 44 cents a share, in the year-ago period. Common shares outstanding fell to 228.5 million in the quarter from 255.5 million last year. Net sales increased 4% to $1.41 billion. On an adjusted basis, the Plano, Texas maker of sugary drinks said it earned 67 cents a share. Analysts surveyed by FactSet Research were looking for earnings of 63 cents a share, on average. For 2011, Dr. Pepper Snapple forecast earnings in the range of $2.70 to $2.78 a share, versus the Wall Street consensus of $2.72 a share. Shares of Dr. Pepper Snapple were indicated higher in premarket trading.
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