Keurig Dr Pepper Inc. recently announced its first-quarter earnings, which exceeded the expectations set by Wall Street. In terms of income, the corporation made a total of $454 million, or $0.33 per share. This stands in comparison with last year's first-quarter earnings of $467 million, also equating to $0.33 a share.
When accounting for specific excluded features, Keurig Dr Pepper Inc. reported an adjusted income of $530 million, equivalent to $0.38 per share within this period. Analysts had predicted an average earning of just $0.35 per share according to data compiled by Thomson Reuters. It should be noted that these analyst estimates usually do not incorporate unique items.
The first-quarter revenue generated by the company was $3.47 billion, up by 3.6% from last year's figure of $3.35 billion.
Looking at the larger picture, Keurig Dr Pepper Inc.'s earnings at a glance reveal that this quarter saw an income of $454 million versus last year's $467 million, thus exhibiting a subtle decline. The earnings per share remained the same at $0.33 in both instances. However, this quarter's revenue of $3.47 billion showcased an increase compared to last year's $3.35 billion.
