Wednesday, PepsiAmericas Inc. (PAS) said its third-quarter net income attributable to the company declined to $63.5 million or $0.51 per share from $73.1 million or $0.58 per share in the prior year period.
Adjusted net income for the quarter fell to $72.2 million from $80.2 million in the year-ago period. Adjusted earnings per share for the quarter was $0.59 per share, down from $0.64 per share in the previous year.
On average, 8 analysts polled by Thomson Reuters expected the company to report earnings of $0.62 per share for the quarter.
Net sales for the quarter decreased to $1.13 billion from $1.32 billion in the comparable period. Six analysts estimated revenues of $1.22 billion for the quarter.
The company now expects full year adjusted earnings per share in the range of $1.83 - $1.87 compared with the prior range of $1.87 - $1.94. Ten analysts estimate earnings of $1.93 per share for the year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.