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Pepsico Inc Q4 adjusted earnings Beat Estimates

Pepsico Inc (PEP) released a profit for fourth quarter that declined from last year.

The company's profit totaled $1.77 billion, or $1.26 per share. This compares with $6.85 billion, or $4.83 per share, in last year's fourth quarter.

Excluding items, Pepsico Inc reported adjusted earnings of $2.04 billion or $1.45 per share for the period.

Analysts had expected the company to earn $1.44 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 5.7% to $20.64 billion from $19.52 billion last year.

Pepsico Inc earnings at a glance:

-Earnings (Q4): $2.04 Bln. vs. $2.12 Bln. last year.
-EPS (Q4): $1.45 vs. $1.49 last year.
-Analysts Estimate: $1.44
-Revenue (Q4): $20.64 Bln vs. $19.52 Bln last year.

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