PepsiCo Tops Q3 Forecasts With $3.05 Billion Profit

Associated Press··US·Read original
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Summary · why it matters

PepsiCo Inc. reported third-quarter net income of $3.05 billion, or $2.23 per share, with adjusted earnings of $2.34 per share beating the $2.29 average estimate of seven analysts surveyed by Zacks Investment Research. The Purchase, New York-based food and beverage company posted revenue of $25.27 billion for the period, also topping Street forecasts, as six analysts surveyed by Zacks had expected $24.88 billion.

Impact on assets 1

Consumer Staples▲
PepsiCo Inc
PEP
▲ PositiveCapitalrelevance

PepsiCo beat Q3 earnings and revenue estimates with $3.05B profit and $25.27B revenue.

Off-coverage companies 1

Zacks Investment Research, Inc.i
Private± Mixedrelevance