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Pepsico Q1 adjusted earnings beat estimates

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Christian Fernsby |
Pepsico
Pepsico   Pepsico Inc reported adjusted earnings of $1.37 billion or $0.97

Pepsico reported a profit for its first quarter that increased from the same period last year.

The company's bottom line totaled $1.41 billion, or $1.00 per share. This compares with $1.34 billion, or $0.94 per share, in last year's first quarter.

Excluding items, Pepsico Inc reported adjusted earnings of $1.37 billion or $0.97 per share for the period.

Analysts had expected the company to earn $0.92 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.5% to $12.88 billion from $12.56 billion last year.


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