PepsiCo Profit Tops Analysts’ Estimates
This article is for subscribers only.
PepsiCo Inc., the food and beverage company that investor Nelson Peltz is trying to split up, posted second-quarter profit that topped analysts’ estimates as it boosted prices and sales volumes.
Net income rose 35 percent to $2.01 billion, or $1.28 a share, from $1.49 billion, or 94 cents, a year earlier, Purchase, New York-based PepsiCo said today in a statement. Profit excluding some items was $1.31 a share. The average estimate of 16 analysts surveyed by Bloomberg was $1.19.