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Dr. Pepper Snapple posts earnings of 94 cents a share vs. 86 expected

Dr Pepper soda in the warehouse at the Dr Pepper Snapple Group bottling plant in Louisville, Kentucky, in April 2015.
Luke Sharrett | Bloomberg | Getty Images
Dr Pepper soda in the warehouse at the Dr Pepper Snapple Group bottling plant in Louisville, Kentucky, in April 2015.

Dr. Pepper Snapple on Wednesday reported earnings that topped analysts' expectations.

The beverage maker reported adjusted earnings per share of 94 cents, handily beating expectations of 86 cents a share.

Revenue for the quarter totaled $1,487 million, compared with $1,451 million in the year-ago period.

Dr. Pepper Snapple said it now expects full-year 2016 adjusted earnings per share at high end of its previously communicated range of $4.20 to $4.30.

The company said it continues to expect capital spending to be approximately 3 percent of net sales, and it expects to repurchase $650 million to $700 million of its common stock.