PepsiCo Inc.’s stock rose 1.4% in premarket trade Tuesday, after the drinks and snacks giant beat earnings estimates for the first quarter even as profit...
PepsiCo Inc.’s stock PEP rose 1.4% in premarket trade Tuesday, after the drinks and snacks giant beat earnings estimates for the first quarter even as profit fell. The company had net income of $1.932 billion, or $1.40 a share, for the quarter to March 25, down sharply from $4.261 billion, or $3.06 a share, in the year-earlier period. Adjusted, or core, EPS came to $1.50. Revenue rose to $17.846 billion from $16.200 billion. The FactSet consensus was for EPS of $1.38 and revenue of $17.
4% in premarket trade Tuesday, after the drinks and snacks giant beat earnings estimates for the first quarter even as profit fell. The company had net income of $1.932 billion, or $1.40 a share, for the quarter to March 25, down sharply from $4.261 billion, or $3.06 a share, in the year-earlier period. Adjusted, or core, EPS came to $1.50. Revenue rose to $17.846 billion from $16.200 billion. The FactSet consensus was for EPS of $1.38 and revenue of $17.239 billion.
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