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Keurig Dr Pepper Beats Q3 Estimates

Keurig Dr Pepper reported third quarter profit and sales that beat Wall Street estimates driven by steady demand for pricier drinks and energy beverages. The company also reaffirmed its annual financial forecast.

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FILE PHOTO: Dr Pepper soda cans for sale are pictured at a grocery store in Pasadena, California, U.S., February 14, 2018. REUTERS/Mario Anzuoni/File Photo

KEURIG DR PEPPER INC posted third-quarter adjusted profit of 66 cents per share, beating Wall Street estimates of 62 cents on strong demand in the United States. Sales rose 70.6% to $7.34 billion, topping the $7.33 billion consensus.