Keurig Dr Pepper (NYSE:KDP) reported third quarter earnings that beat analyst's expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.3 on revenue of $2.86B. Analysts polled by expected EPS of $0.28 on revenue of $2.87B. That compared to EPS of $1.11 on revenue of $1.74B in the same period a year earlier. The company had reported EPS of $0.27 on revenue of $2.84B in the previous quarter.
For the year, Keurig Dr Pepper shares are up 76.78%, outperforming the S&P 500 which is up 4.85% year to date.
Keurig Dr Pepper follows other major Consumer/Non-Cyclical sector earnings this month
On October 19, Procter&Gamble reported first quarter EPS of $1.12 on revenue of $16.69B, compared to forecasts of EPS of $1.09 on revenue of $16.45B.
Coca-Cola earnings beat analyst's expectations on October 30, with third quarter EPS of $0.58 on revenue of $8.26B. analysts expected EPS of $0.55 on revenue of $8.19B
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