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Pepsico Q2 adjusted earnings beat estimates

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Christian Fernsby ▼ | July 9, 2019
Pepsico    The company's earnings were $2.04 billion, or $1.44 per share

Pepsico revealed a profit for its second quarter that increased from the same period last year.

The company's earnings were $2.04 billion, or $1.44 per share. This compares with $1.82 billion, or $1.28 per share, in last year's second quarter.

Excluding items, Pepsico Inc reported adjusted earnings of $2.18 billion or $1.54 per share for the period.

Analysts had expected the company to earn $1.50 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.2% to $16.45 billion from $16.09 billion last year.

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