PepsiCo, Inc. (PEP) reported an increase in profit for the second quarter that also topped Wall Street estimates. Looking forward, the company increased its full-year organic revenue and core constant currency EPS guidance.
Second quarter earnings came in at $2.75 billion, or $1.99 per share compared with $1.43 billion, or $1.03 per share, a year ago. Core EPS was $2.09 compared to $1.86, previous year. Core constant currency EPS growth was 15%, for the quarter. Analysts on average had expected the company to earn $1.96 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
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