NEW YORK (TheStreet) -- Shares of Dr Pepper Snapple Group Inc. (DPS) closed higher by 2.32% to $66.95 on Thursday, after the company reported 2014 third quarter financial results that exceeded analysts' expectations.
The non-alcoholic beverage manufacturer and distributor said net income for the latest quarter was $188 million, or 96 cents per diluted share, and core EPS were 98 cents.
Analysts polled by Thomson Reuters expected the company to report earnings per share of 88 cents for the quarter.
Dr Pepper Snapple said net sales grew to $1.58 billion, from $1.54 billion for the 2013 third quarter.
Analysts expected revenue of $1.54 billion for the most recent quarter.
Separately, TheStreet Ratings team rates DR PEPPER SNAPPLE GROUP INC as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate DR PEPPER SNAPPLE GROUP INC (DPS) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."
You can view the full analysis from the report here: DPS Ratings Report