PepsiCo earnings top estimates on strong snack and beverage sales, backs 2019 forecast


Getty Images

PepsiCo on Tuesday reported quarterly earnings and revenue that beat analysts’ expectations.

Shares of the company rose less than 1% in premarket trading.

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

  • Earnings per share: $1.54, adjusted, vs. $1.50 expected
  • Revenue: $16.449 billion vs. $16.426 billion expected

The soda giant reported fiscal second-quarter net income of $2.04 billion, or $1.44 per share, up from $1.82 billion, or $1.28 per share, a year earlier.

Excluding items, Pepsi earned $1.54 per share, topping the $1.50 per share expected by analysts surveyed by Refinitiv.

Net sales rose 2.2% to $16.44 billion, beating expectations of $16.43 billion.

Second-quarter organic revenue was up 4.5%, topping the 4.4% growth expected.

Products You May Like

Articles You May Like

Self-driving trucks likely to hit the roads before passenger cars
Save 30 Percent (Or More) Of Your Income With This 3-Step Process
Trump signing Hong Kong bill will worsen US-China relationship, former ambassador to China says
WeWork Lays Off 2,400 Employees In Latest Round of Cost-Cutting
Former Crate & Barrel Flagship Store Now Open As World’s Largest Starbucks

Leave a Reply

Your email address will not be published. Required fields are marked *