Investing.com - PepsiCo (NASDAQ:PEP) reported third quarter earnings that beat analyst's expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $1.59 on revenue of $16.49B. Analysts polled by Investing.com expected EPS of $1.57 on revenue of $16.39B. That compared to EPS of $1.48 on revenue of $16.24B in the same period a year earlier The company had reported EPS of $1.61 on revenue of $16.09B in the previous quarter.
PepsiCo shares slightly moved 1.57% to trade at $108.97 in intra-day trade following the report.
For the year, PepsiCo shares are down 9.14%, under-performing the Nasdaq 100 which is up 19.07% year to date.
PepsiCo follows other major Consumer/Non-Cyclical sector earnings this month
On September 18, General Mills (NYSE:GIS) reported first quarter EPS of $0.71 on revenue of $4.09B, compared to forecasts of EPS of $0.64 on revenue of $4.12B.
McCormick&Co earnings beat analyst's expectations on Thursday, with third quarter EPS of $1.28 on revenue of $1.35B. Investing.com analysts expected EPS of $1.27 on revenue of $1.36B