Investing.com - Financial Markets Worldwide
💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

PepsiCo second-quarter profit, revenue beat estimates

Published 07/09/2015, 06:47 AM
Updated 07/09/2015, 06:55 AM
© Reuters. PepsiCo Q2 profit, revenue beat estimates
PEP
-

(Reuters) - PepsiCo Inc (N:PEP) reported better-than-expected quarterly profit and revenue due to strong demand for its snacks and beverages in North America.

Net income attributable to the company rose marginally to $1.98 billion, or $1.33 per share, in the second quarter ended June 13, from $1.98 billion, or $1.29 per share, a year earlier.

Excluding items, the company earned $1.32 per share.

Net revenue fell 5.7 percent to $15.92 billion as a stronger dollar continued to weigh on overseas sales.

Analysts on an average had expected earnings of $1.24 per share and revenue of $15.80 billion, according to Thomson Reuters I/B/E/S.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.