PepsiCo Profit Tops Estimates on Latin American Sales
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PepsiCo Inc., the world’s largest snack-food maker, reported first-quarter profit that topped analysts’ estimates as sales gained in Latin America.
Profit excluding some items was 69 cents a share, Purchase, New York-based PepsiCo said today in a statement. That exceeded the 67-cent average of 14 analysts’ estimates compiled by Bloomberg. Net income in the quarter fell 1.4 percent to $1.13 billion, or 71 cents a share, from $1.14 billion, or 71 cents, a year earlier.