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Pepsico Inc Q1 adjusted earnings Beat Estimates

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

The company's earnings came in at $1.34 billion, or $0.96 per share. This compares with $1.41 billion, or $1.00 per share, in last year's first quarter.

Excluding items, Pepsico Inc reported adjusted earnings of $1.50 billion or $1.07 per share for the period.

Analysts had expected the company to earn $1.03 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.8% to $13.88 billion from $12.88 billion last year.

Pepsico Inc earnings at a glance:

-Earnings (Q1): $1.50 Bln. vs. $1.37 Bln. last year.
-EPS (Q1): $1.07 vs. $0.97 last year.
-Analysts Estimate: $1.03
-Revenue (Q1): $13.88 Bln vs. $12.88 Bln last year.

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