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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.