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Pepsico Inc Q1 adjusted earnings Beat Estimates

Pepsico Inc (PEP) released earnings for its first quarter that rose from last year.

The company's bottom line came in at $1.71 billion, or $1.24 per share. This compares with $1.34 billion, or $0.96 per share, in last year's first quarter.

Excluding items, Pepsico Inc reported adjusted earnings of $1.68 billion or $1.21 per share for the period.

Analysts had expected the company to earn $1.12 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 6.8% to $14.82 billion from $13.88 billion last year.

Pepsico Inc earnings at a glance:

-Earnings (Q1): $1.68 Bln. vs. $1.50 Bln. last year.
-EPS (Q1): $1.21 vs. $1.07 last year.
-Analysts Estimate: $1.12
-Revenue (Q1): $14.82 Bln vs. $13.88 Bln last year.

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