Pepsico Inc Q2 adjusted earnings Beat Estimates
Pepsico Inc (PEP) revealed earnings for second quarter that dropped from the same period last year.
The company’s earnings totaled $1.82 billion, or $1.28 per share. This compares with $2.11 billion, or $1.46 per share, in last year’s second quarter.
Excluding items, Pepsico Inc reported adjusted earnings of $2.30 billion or $1.61 per share for the period.
Analysts had expected the company to earn $1.52 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 2.4% to $16.09 billion from $15.71 billion last year.
Pepsico Inc earnings at a glance:
-Earnings (Q2): $2.30 Bln. vs. $2.16 Bln. last year.
-EPS (Q2): $1.61 vs. $1.50 last year.
-Analysts Estimate: $1.52
-Revenue (Q2): $16.09 Bln vs. $15.71 Bln last year.
by RTTNews Staff Writer
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