Investing.com - Beverage giant Pepsi reported better-than-expected fourth-quarter earnings on the back of strong revenue figures, it announced early Thursday.
Earlier in the day, in its fourth quarter earnings report, Pepsi said earnings per share came in at USD1.09, compared to expectations for earnings of USD1.05 per share.
The firm’s fourth quarter came in at USD19.95 billion, above expectations for revenue of USD19.7 billion but 1% lower from the same period a year-earlier.
The beverage giant added that it will buy back shares up to USD10 billion and said it would boost the annual dividend to shareholders to USD2.27 per share from USD2.15 per share.
Following the release of the report, PEP shares declined 0.6% in pre-market trade.
Meanwhile, the outlook for U.S. equity markets was lower. The Dow Jones Industrial Average futures pointed to a loss of 0.45% at the open, S&P 500 futures lost 0.4%, while the Nasdaq 100 futures indicated a drop of 0.45% at the open.
Earlier in the day, in its fourth quarter earnings report, Pepsi said earnings per share came in at USD1.09, compared to expectations for earnings of USD1.05 per share.
The firm’s fourth quarter came in at USD19.95 billion, above expectations for revenue of USD19.7 billion but 1% lower from the same period a year-earlier.
The beverage giant added that it will buy back shares up to USD10 billion and said it would boost the annual dividend to shareholders to USD2.27 per share from USD2.15 per share.
Following the release of the report, PEP shares declined 0.6% in pre-market trade.
Meanwhile, the outlook for U.S. equity markets was lower. The Dow Jones Industrial Average futures pointed to a loss of 0.45% at the open, S&P 500 futures lost 0.4%, while the Nasdaq 100 futures indicated a drop of 0.45% at the open.