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Pepsico Inc Q3 adjusted earnings Beat Estimates

Pepsico Inc (PEP) announced a profit for third quarter that fell from the same period last year.

The company's earnings came in at $2.10 billion, or $1.49 per share. This compares with $2.50 billion, or $1.75 per share, in last year's third quarter.

Excluding items, Pepsico Inc reported adjusted earnings of $2.19 billion or $1.56 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 4.2% to $17.19 billion from $16.49 billion last year.

Pepsico Inc earnings at a glance:

-Earnings (Q3): $2.19 Bln. vs. $2.26 Bln. last year.
-EPS (Q3): $1.56 vs. $1.59 last year.
-Analysts Estimate: $1.50
-Revenue (Q3): $17.19 Bln vs. $16.49 Bln last year.

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