Jul 11, 6:43 AM EDT

PepsiCo tops 2Q net income and revenue expectations

AP Photo
AP Photo/Jim Cole

PURCHASE, N.Y. (AP) -- PepsiCo Inc. on Tuesday reported second-quarter earnings of $2.11 billion.

On a per-share basis, the Purchase, New York-based company said it had net income of $1.46. Earnings, adjusted for restructuring costs and non-recurring costs, were $1.50 per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.39 per share.

The food and beverage company posted revenue of $15.71 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $15.59 billion.

PepsiCo expects full-year earnings to be $5.13 per share.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PEP at https://www.zacks.com/ap/PEP


Keywords: PepsiCo, Earnings Report, Priority Earnings

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