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.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com