Dr Pepper Snapple Group Inc. on Thursday reported slightly lower fourth-quarter net income but its adjusted results beat Wall Street expectations and its shares rose almost 6 percent.
The drink maker’s results were helped by higher volume and price increases that helped offset higher costs for packaging, ingredients and transportation.
Revenue rose 4 percent to $1.41 billion from $1.36 billion. Analysts expected $1.40 billion.
WSJ - Dr Pepper Revenue helped by Volume Sales, Pricing
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Business Week - Dr Pepper Snapple Group Shares on 4Q
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