Beverage and snacks giant reports Q3 profit that beat expectations
Shares of PepsiCo Inc. PEP, +0.67% rose 1.8% in premarket trading Tuesday, after the beverage and snack giant reported third-quarter earnings that topped consensus and raised its full-year guidance.
Net income rose to $3.092 billion, or $2.24 a share, from $2.702 billion, or $1.95 a share, in the same period a year ago. Excluding nonrecurring items, core earnings per share of $2.25 was ahead of the FactSet consensus of $2.15. Revenue grew to $23.453 billion from $21.971 billion, also ahead of the FactSet consensus of $23.413 billion.
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