October 24, 2012 / 12:15 PM / in 5 years

Dr Pepper Snapple earnings rise as sales slip

(Reuters) - Dr Pepper Snapple Group Inc (DPS.N) reported higher quarterly earnings on Wednesday, despite slightly lower sales hurt by declining volume.

    The No. 3 soft drink maker of brands like 7UP and Sunkist, said net income rose to $179 million, or 84 cents per share, in the third quarter, from $154 million, or 71 cents per share, a year earlier.

    Excluding commodity-related accounting gains, earnings were 79 cents per share.

    Net sales were $1.528 billion, versus $1.529 billion in the year-earlier period.

    Reporting by Martinne Geller in New York; Editing by Jeffrey Benkoe

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