Investing.com- PepsiCo (NYSE:PEP) shares Thursday outperformed as Q2 earnings beat forecasts.
PepsiCo shares were up 2.06% at $108.09 at 10:30 ET. The S&P 500 was up 0.37%.
Excluding one-off items, Pepsi earned $1.35 per share in the quarter.
The average analyst estimate was for earnings of $1.30 a share.
Net revenue fell 3.3% to $15.395 bn, but beat an average estimate of $15.37 bn.