NEW YORK (TheStreet) -- Shares of Dr. Pepper Snapple Group Inc. (DPS) closed higher by 4.35% to $60.98 on heavy trading volume on Thursday afternoon, after the company reported an increase in second quarter 2014 net earnings to $1.06 per share, compared to 76 cents per share for the year ago quarter.
Analysts polled by Thomson Reuters expected the beverage company to post earnings of 90 cents per share.
Dr. Pepper Snapple said revenue for the most recent quarter was $1.63 billion, up from $1.61 billion for the 2013 second quarter. Analysts were expecting $1.62 billion in revenue for the second quarter of 2014.
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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, growth in earnings per share, increase 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."