NEW YORK (TheStreet) -- Despite falling sales volume, Dr Pepper Snapple Group (DPS) was able to beat earnings estimates, according to TheStreet's Brittany Umar. 

Fourth-quarter sales volume dropped 4% year over year, but the company still earned 97 cents per share, beating analyst estimates of 85 cents per share. Umar added the company still faces headwinds as sales of soda continue to struggle in the U.S. However, higher prices have helped to offset the lack of sales. 

Dr Pepper Snapple is optimistic on fiscal 2014, saying it expects sales to be flat to 1% higher. Umar also pointed out the company plans to buy back between $375 million and $400 million worth of stock in 2014. 

With sales possibly bottoming and a buyback plan in place, investors are pushing shares of DPS nearly 3% higher in Wednesday's trading session. 

-- Written by Bret Kenwell in Petoskey, Mich.

Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

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