Shares of Dr Pepper Snapple Group Inc. (NYSE: DPS) collapsed on Wednesday, falling as much is 7.2% after the company reported third-quarter earnings that missed analyst estimates by a nickel. Expected to report adjusted earnings of $1.15 per share, Dr Pepper instead reported just $1.10. Revenue for the quarter was $1.74 billion, just shy of Wall Street’s expected $1.77 billion. Dr Pepper closed the day down 4.7%.
Dr Pepper stock could use a jump-start. Image source: Getty Images.