NEW YORK (TheStreet) -- Dr Pepper Snapple Group (DPS) stock is up 2.20% to $87.78 in pre-market trading on Wednesday after the Plano, TX-based beverage company delivered strong financial results for the first quarter of 2016.
Adjusted earnings of 94 cents per share exceeded estimates of 86 cents per share, while revenue of $1.49 billion beat estimates of $1.47 billion for the quarter ended March 31.
Revenue was up 2% year over year because of a 1% increase in prices and a 1% rise in sales volumes. On a constant currency basis, net sales rose 4% for the quarter.
Beverage concentrates net sales increased 1% for the quarter, while packaged beverage sales were up 4%, offsetting a 9% decline in Latin America beverages net sales.
For the full year, Dr Pepper Snapple expects core earnings to be at the high end of its guidance of $4.20 to $4.30 per share. Wall Street is anticipating earnings of $4.32 per share for 2016.
Separately, Dr Pepper Snapple has a "buy" rating and a letter grade of A at TheStreet Ratings because of the company's revenue growth, notable return on equity, solid stock price performance, growth in earnings per share and increase in net income.
You can view the full analysis from the report here: DPS
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