Dr Pepper Snapple profit up 16%

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Dr Pepper Snapple profit up 16%
from MarketWatch.com - MarketPulse
NEW YORK (MarketWatch) -- Dr Pepper Snapple Group Inc. said Wednesday its third-quarter profit rose to $179 million, or 84 cents a share, from $154 million, or 71 cents a share, in the year-ago period. Adjusted earnings rose to 79 cents a share from 74 cents a share. Sales remained about flat at $1.53 billion. Wall Street analysts expected the company to earn 77 cents a share on sales of $1.56 billion, according to a survey by FactSet. Dr Pepper Snapple Group expects adjusted 2012 earnings of $2.90 to $2.98 a share. Analysts estimated 2012 earnings of $2.96 a share.