PepsiCo (PEP) reported Thursday that its third-quarter net income grew by 12% to $1.22 per share, in line with analyst estimates, as revenue jumped 40%, driven by broad-based gains across its snack and beverage portfolio and the acquisition of its two bottlers. But the company trimmed the top end of its full-year earnings and shares dropped 2.6% in premarket trading.
“Even in a macroeconomic…
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PepsiCo Earnings, Revenue Rise on Bottlers Acquisition originally appeared on DailyFinance on Thu, 07 Oct 2010 07:47:00.
Filed Under: Company News, Earnings, Pepsico, Stocks in the News