Pepsico Inc. (PEP) Profit Rises 17 Percent
PepsiCo Inc., the huge beverage and snack foods maker, said Thursday its third-quarter profit rose 17 percent on the strength of its international division and a tax benefit.
The owner of the world's second biggest soft drink company and the Frito-Lay snacks maker earned $1.74 billion, or $1.06 per share, for the quarter ended Sept. 8, up from $1.49 billion, or 89 cents per share, a year earlier.
Revenue rose 11 percent to $10.17 billion from $9.13 billion last year.
Analysts polled by Thomson Financial had predicted earnings of 96 cents per share on revenue of $9.91 billion.
The owner of the world's second biggest soft drink company and the Frito-Lay snacks maker earned $1.74 billion, or $1.06 per share, for the quarter ended Sept. 8, up from $1.49 billion, or 89 cents per share, a year earlier.
Revenue rose 11 percent to $10.17 billion from $9.13 billion last year.
Analysts polled by Thomson Financial had predicted earnings of 96 cents per share on revenue of $9.91 billion.
Labels: PEP, Pepsico Inc.
posted by Stock Administrator @ 2:06 PM
0 Comments:
Post a Comment
<< Home