Pepsico Inc Q2 adjusted earnings Beat Estimates

Pepsico Inc (PEP) announced earnings for its second quarter that climbed from last year.

The company's profit came in at $2.36 billion, or $1.70 per share. This compares with $1.65 billion, or $1.18 per share, in last year's second quarter.

Excluding items, Pepsico Inc reported adjusted earnings of $2.39 billion or $1.72 per share for the period.

Analysts had expected the company to earn $1.53 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 20.5% to $19.22 billion from $15.95 billion last year.

Pepsico Inc earnings at a glance:

-Earnings (Q2): $2.39 Bln. vs. $1.84 Bln. last year.
-EPS (Q2): $1.72 vs. $1.32 last year.
-Analysts Estimate: $1.53
-Revenue (Q2): $19.22 Bln vs. $15.95 Bln last year.

Full year EPS guidance: $6.20

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